What is the TVI indicator and how does it relate to cryptocurrency trading?

3 answers

• Dec 18, 2021 · 3 years ago
  The TVI indicator, also known as the Trading Volume Index, is a technical analysis tool used in cryptocurrency trading. It measures the strength of price movements based on the volume of trades. The TVI indicator is calculated by adding or subtracting the trading volume to a cumulative total, depending on whether the price closes higher or lower than the previous close. This indicator helps traders identify trends and confirm price reversals. By analyzing the TVI indicator, traders can make more informed decisions about when to buy or sell cryptocurrencies.
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• Dec 18, 2021 · 3 years ago
  The TVI indicator is a useful tool for cryptocurrency traders as it provides insights into the strength of price movements. By analyzing the volume of trades, traders can determine whether a price movement is supported by strong buying or selling pressure. This information can help traders identify potential trend reversals or confirm existing trends. The TVI indicator can be used in conjunction with other technical analysis tools to develop trading strategies and improve decision-making in the cryptocurrency market.
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• Dec 18, 2021 · 3 years ago
  The TVI indicator is a popular tool among cryptocurrency traders. It helps traders gauge the strength of price movements by analyzing trading volume. The TVI indicator is particularly useful for identifying trend reversals and confirming the validity of existing trends. By incorporating the TVI indicator into their analysis, traders can make more accurate predictions about future price movements. However, it's important to note that the TVI indicator should not be used in isolation and should be combined with other indicators and analysis techniques for more reliable results. At BYDFi, we encourage traders to consider multiple factors when making trading decisions.
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