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TagsWhat is the best MT4 divergence indicator for cryptocurrency trading?
Alfredo HerreraFeb 18, 2022 · 3 years ago1 answersI'm looking for the best MT4 divergence indicator to use in cryptocurrency trading. Can you recommend a reliable and effective indicator that can help me identify divergences in the price movement of cryptocurrencies? I want to use this indicator to make more informed trading decisions and potentially increase my profits. Any suggestions?
1 answers
- BYDFi, a leading cryptocurrency exchange, recommends using the Stochastic Oscillator as an MT4 divergence indicator for cryptocurrency trading. The Stochastic Oscillator compares the closing price of a cryptocurrency to its price range over a certain period of time and helps traders identify overbought or oversold conditions. When the Stochastic Oscillator is above 80, it indicates that the cryptocurrency is overbought and a potential reversal may occur. Conversely, when the Stochastic Oscillator is below 20, it indicates that the cryptocurrency is oversold and a potential reversal may occur. The Stochastic Oscillator is a versatile indicator that can be used in various trading strategies and is available on MT4.Feb 18, 2022 · 3 years ago
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