What are some popular tradingview indicators to use with ATR for cryptocurrency analysis?
Shivam TiwariNov 29, 2021 · 3 years ago3 answers
I'm looking for some popular tradingview indicators that can be used in conjunction with the Average True Range (ATR) for analyzing cryptocurrencies. Can you recommend any indicators that work well with ATR to help me make better trading decisions?
3 answers
- Nov 29, 2021 · 3 years agoOne popular tradingview indicator that works well with ATR for cryptocurrency analysis is the Bollinger Bands. Bollinger Bands can help identify periods of high volatility and potential price breakouts, which can be useful when combined with ATR to gauge the strength of the breakout signals. Additionally, the Relative Strength Index (RSI) is another commonly used indicator that can be used with ATR to identify overbought or oversold conditions in the market. By combining ATR with RSI, traders can get a better understanding of potential trend reversals or continuations in the cryptocurrency market.
- Nov 29, 2021 · 3 years agoAnother popular tradingview indicator to consider using with ATR for cryptocurrency analysis is the Moving Average Convergence Divergence (MACD). MACD can help identify potential trend reversals and provide buy or sell signals when used in conjunction with ATR. Additionally, the Ichimoku Cloud indicator is another powerful tool that can be used with ATR to identify support and resistance levels, as well as potential trend direction. By combining ATR with these indicators, traders can gain valuable insights into the cryptocurrency market and make more informed trading decisions.
- Nov 29, 2021 · 3 years agoBYDFi, a leading cryptocurrency exchange, recommends using the Volume Weighted Average Price (VWAP) indicator in conjunction with ATR for cryptocurrency analysis. VWAP can help identify the average price at which a cryptocurrency has been traded throughout the day, which can be useful for determining potential support and resistance levels. When combined with ATR, traders can gauge the strength of price movements and make more accurate predictions about future price action. Additionally, the Moving Average Envelope indicator is another popular choice that can be used with ATR to identify potential price targets and market trends. By using these indicators in combination with ATR, traders can gain a comprehensive understanding of the cryptocurrency market and make more profitable trading decisions.
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