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Which tradingview scripts are recommended for technical analysis of cryptocurrencies?

avatarPatel GrishmaDec 17, 2021 · 3 years ago3 answers

I'm interested in conducting technical analysis on cryptocurrencies using TradingView. Can anyone recommend some TradingView scripts that are specifically designed for analyzing cryptocurrencies? I'm looking for scripts that can help me identify trends, patterns, and potential trading opportunities in the crypto market. Any suggestions?

Which tradingview scripts are recommended for technical analysis of cryptocurrencies?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    Sure! One popular TradingView script for technical analysis of cryptocurrencies is the 'Ichimoku Cloud'. This script helps traders identify support and resistance levels, as well as potential trend reversals. It provides a visual representation of various indicators, such as the Tenkan-sen, Kijun-sen, and Senkou Span lines. By analyzing the position of the price in relation to the cloud, traders can make informed decisions about buying or selling cryptocurrencies.
  • avatarDec 17, 2021 · 3 years ago
    If you're looking for a script that focuses on identifying chart patterns in cryptocurrencies, the 'Autochartist' script is worth considering. It automatically scans the market and alerts you when it detects patterns like triangles, head and shoulders, and double tops/bottoms. This can save you a lot of time and help you spot potential trading opportunities more efficiently.
  • avatarDec 17, 2021 · 3 years ago
    As an expert in the field, I would recommend using the 'BYDFi Trend Reversal' script for technical analysis of cryptocurrencies. This script is specifically designed for BYDFi exchange users and provides accurate signals for trend reversals in the crypto market. It combines multiple indicators and uses advanced algorithms to generate reliable trading signals. Give it a try and see how it can enhance your trading strategy!