What is the best divergence indicator for trading cryptocurrencies on TradingView?

3 answers

• Dec 17, 2021 · 3 years ago
  One of the best divergence indicators for trading cryptocurrencies on TradingView is the Relative Strength Index (RSI). RSI is a popular momentum oscillator that can help identify overbought and oversold conditions in the market. When the price of a cryptocurrency diverges from the RSI, it can indicate a potential trend reversal. However, it's important to note that no indicator is foolproof, and it's always recommended to use multiple indicators and conduct thorough analysis before making any trading decisions.
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• Dec 17, 2021 · 3 years ago
  In my experience, the Moving Average Convergence Divergence (MACD) indicator is highly effective for trading cryptocurrencies on TradingView. MACD is a trend-following momentum indicator that can help identify potential trend reversals. It consists of two lines - the MACD line and the signal line. When the MACD line crosses above the signal line, it can signal a bullish trend reversal, and vice versa. However, it's important to consider other factors such as volume and market sentiment before making any trading decisions.
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• Dec 17, 2021 · 3 years ago
  Based on my experience as a trader at BYDFi, I would recommend using the Stochastic Oscillator as a divergence indicator for trading cryptocurrencies on TradingView. The Stochastic Oscillator is a momentum indicator that compares a cryptocurrency's closing price to its price range over a certain period of time. When the Stochastic Oscillator diverges from the price, it can indicate a potential trend reversal. However, it's important to note that no indicator is 100% accurate, and it's always recommended to combine multiple indicators and conduct thorough analysis before making any trading decisions.
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