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TagsWhat are the best indicators on TradingView to track volume in the cryptocurrency market?
HELAL KHANDec 15, 2021 · 3 years ago1 answersI'm looking for the most effective indicators on TradingView that can help me track volume in the cryptocurrency market. Which indicators do you recommend and why? I want to make informed trading decisions based on volume analysis, so any insights would be greatly appreciated.
1 answers
- When it comes to tracking volume in the cryptocurrency market, one indicator that stands out is the Volume Weighted Moving Average (VWMA). The VWMA calculates the average price weighted by volume, giving more weight to higher volume periods. This indicator can help you identify trends and potential reversals based on volume analysis. Another useful indicator is the Chaikin Money Flow (CMF), which combines price and volume to measure the buying and selling pressure in a cryptocurrency. The CMF can help you identify periods of accumulation or distribution, which can be useful for making trading decisions. Lastly, the Ease of Movement (EOM) indicator can also be helpful for tracking volume. It takes into account both price and volume to measure the ease at which a cryptocurrency is moving. By analyzing these indicators, you can gain valuable insights into volume trends in the cryptocurrency market and make more informed trading decisions.Dec 15, 2021 · 3 years ago
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