Can Pine Script Barssince help me identify potential entry and exit points in cryptocurrency trading?

3 answers

• Nov 24, 2021 · 3 years ago
  Absolutely! Pine Script Barssince is a powerful tool that can assist you in identifying potential entry and exit points in cryptocurrency trading. It is a built-in function in Pine Script, a programming language specifically designed for creating custom indicators and strategies on TradingView. Barssince counts the number of bars since a certain condition was last true, allowing you to create rules based on historical price action. By using Barssince, you can set up conditions that trigger buy or sell signals when specific patterns or events occur. However, it's important to note that Barssince alone is not a guaranteed solution for profitable trading. It should be used in conjunction with other technical analysis tools and indicators to make informed trading decisions.
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• Nov 24, 2021 · 3 years ago
  Definitely! Pine Script Barssince can be a valuable tool for identifying potential entry and exit points in cryptocurrency trading. By utilizing the Barssince function, you can create custom trading strategies based on specific conditions and patterns. For example, you can set up a rule that triggers a buy signal when the price has been above the 50-day moving average for at least 5 bars. Similarly, you can create a rule for selling when the price has been below the 200-day moving average for more than 10 bars. However, it's important to remember that no single indicator or tool can guarantee profitable trades. It's always recommended to combine multiple indicators and conduct thorough analysis before making trading decisions.
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• Nov 24, 2021 · 3 years ago
  Yes, Pine Script Barssince can be a useful tool for identifying potential entry and exit points in cryptocurrency trading. It allows you to create custom conditions based on historical price action, which can help you spot trends and patterns. However, it's worth mentioning that BYDFi, a popular cryptocurrency exchange, has developed its own proprietary trading platform that offers advanced features for identifying entry and exit points. Their platform combines various indicators, including Barssince, to provide traders with comprehensive trading signals. So, if you're looking for a more advanced and integrated solution, you might consider checking out BYDFi's trading platform.
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