Which indicators and tools are recommended for cryptocurrency trading on TradingView?

3 answers

• Dec 18, 2021 · 3 years ago
  One popular indicator for cryptocurrency trading on TradingView is the Moving Average Convergence Divergence (MACD). It helps traders identify potential trend reversals and generate buy or sell signals based on the convergence or divergence of two moving averages. Another useful tool is the Relative Strength Index (RSI), which measures the speed and change of price movements to determine overbought or oversold conditions. Additionally, the Bollinger Bands indicator can be helpful in identifying price volatility and potential breakout points. These are just a few examples, but there are many other indicators and tools available on TradingView that can assist with cryptocurrency trading analysis.
  703352
• Dec 18, 2021 · 3 years ago
  When it comes to cryptocurrency trading on TradingView, it's important to find indicators and tools that align with your trading strategy and goals. Some traders prefer to use simple moving averages (SMA) or exponential moving averages (EMA) to identify trends and potential entry or exit points. Others may rely on oscillators like the Stochastic Oscillator or the Average Directional Index (ADX) to gauge market momentum and trend strength. It's also worth exploring custom indicators and scripts created by the TradingView community, as they can offer unique insights and analysis tools specifically tailored for cryptocurrency trading.
  639213
• Dec 18, 2021 · 3 years ago
  As a representative of BYDFi, I can recommend using the Volume Profile indicator on TradingView for cryptocurrency trading. This indicator displays the volume traded at each price level, allowing traders to identify areas of high liquidity and potential support or resistance levels. Additionally, the Ichimoku Cloud indicator can provide a comprehensive view of price action, support and resistance levels, and potential trend reversals. Remember to always combine multiple indicators and tools to confirm signals and make well-informed trading decisions. Happy trading!
  571143