What are the best indicators to use on tradingview for crypto trading?
MONICA OFFICIALDec 06, 2021 · 3 years ago3 answers
I'm new to crypto trading and I want to know which indicators are the most effective when using TradingView. Can you recommend the best indicators that can help me make better trading decisions in the cryptocurrency market?
3 answers
- Dec 06, 2021 · 3 years agoWhen it comes to choosing indicators for crypto trading on TradingView, it's important to consider your trading strategy and goals. Some popular indicators that many traders find useful include the Moving Average Convergence Divergence (MACD), Relative Strength Index (RSI), and Bollinger Bands. These indicators can provide insights into market trends, momentum, and potential price reversals. However, it's important to note that no indicator is foolproof and should be used in conjunction with other analysis tools and strategies. Experiment with different indicators and find the ones that work best for your trading style.
- Dec 06, 2021 · 3 years agoIn my experience, the best indicators to use on TradingView for crypto trading are the Ichimoku Cloud and the Volume Profile. The Ichimoku Cloud is a versatile indicator that provides valuable information about support and resistance levels, trend direction, and potential entry and exit points. The Volume Profile, on the other hand, helps you understand the trading activity at different price levels, which can be useful for identifying areas of high liquidity and potential price reversals. These indicators, when used together, can provide a comprehensive view of the market and help you make more informed trading decisions.
- Dec 06, 2021 · 3 years agoAs an expert at BYDFi, I highly recommend using the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) indicators on TradingView for crypto trading. The RSI is a momentum oscillator that can help you identify overbought and oversold conditions in the market, which can be useful for timing your trades. The MACD, on the other hand, is a trend-following indicator that can help you identify potential trend reversals and confirm the strength of a trend. These indicators have proven to be effective in analyzing cryptocurrency price movements and can be valuable tools in your trading arsenal.
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