How can I find the most accurate volume indicator for digital currencies on TradingView?

4 answers

• Dec 15, 2021 · 3 years ago
  One of the most popular volume indicators for digital currencies on TradingView is the Volume Profile indicator. It provides a visual representation of the volume traded at each price level over a specified period of time. This can help you identify key support and resistance levels based on volume activity. Additionally, you can use the Money Flow Index (MFI) indicator to analyze the volume and price movements of digital currencies. It combines both price and volume data to provide insights into the strength and direction of the market. Overall, these indicators can be helpful in analyzing the volume of digital currencies on TradingView.
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• Dec 15, 2021 · 3 years ago
  Finding the most accurate volume indicator for digital currencies on TradingView can be a subjective matter as different traders may have different preferences. However, one popular indicator that many traders use is the Volume Weighted Average Price (VWAP) indicator. It calculates the average price of a digital currency based on both volume and price data, giving more weight to higher volume periods. This indicator can help you identify the average price levels where most trading activity has occurred. It is important to note that no indicator is 100% accurate, so it's always recommended to use multiple indicators and combine them with other analysis techniques for a more comprehensive view.
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• Dec 15, 2021 · 3 years ago
  When it comes to finding the most accurate volume indicator for digital currencies on TradingView, it's important to consider your trading strategy and goals. Different indicators may work better for different types of traders. For example, if you're a day trader, you may want to focus on indicators that provide real-time volume data, such as the On-Balance Volume (OBV) indicator. This indicator measures the cumulative volume flow of a digital currency, helping you identify trends and potential reversals. Additionally, you can also consider using custom indicators or scripts created by experienced traders on TradingView. These indicators are often based on unique algorithms and can provide valuable insights into the volume of digital currencies.
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• Dec 15, 2021 · 3 years ago
  At BYDFi, we understand the importance of accurate volume indicators for digital currencies on TradingView. While there are several indicators available, it's essential to choose the one that aligns with your trading strategy and goals. One popular indicator that many traders find useful is the Accumulation/Distribution (A/D) indicator. It measures the buying and selling pressure of a digital currency based on volume and price data. This can help you identify potential trend reversals and confirm the strength of a trend. Remember, no single indicator can guarantee accuracy, so it's always recommended to use multiple indicators and combine them with other analysis techniques for better results.
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