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What are the best tick chart indicators for trading cryptocurrencies on TradingView?

avatarrushNov 28, 2021 · 3 years ago3 answers

I'm looking for the best tick chart indicators to use when trading cryptocurrencies on TradingView. Can anyone recommend some indicators that are effective for analyzing tick charts and making trading decisions in the volatile cryptocurrency market?

What are the best tick chart indicators for trading cryptocurrencies on TradingView?

3 answers

  • avatarNov 28, 2021 · 3 years ago
    When it comes to tick chart indicators for trading cryptocurrencies on TradingView, there are several options that you can consider. One popular indicator is the Volume Profile, which displays the volume traded at each price level. This can help you identify areas of high liquidity and potential support or resistance levels. Another useful indicator is the VWAP (Volume Weighted Average Price), which calculates the average price weighted by volume. This indicator can give you a sense of the average price at which most trading activity has occurred. Additionally, you may want to consider using moving averages or oscillators like the RSI (Relative Strength Index) to help identify trends and overbought/oversold conditions. Ultimately, the best tick chart indicators will depend on your trading strategy and preferences. It's important to test different indicators and see which ones work best for you.
  • avatarNov 28, 2021 · 3 years ago
    Alright, let's talk about the best tick chart indicators for trading cryptocurrencies on TradingView. One indicator that many traders find helpful is the Bollinger Bands. These bands provide a visual representation of price volatility and can help you identify potential breakout or reversal points. Another popular indicator is the MACD (Moving Average Convergence Divergence), which combines moving averages to identify trend changes and generate buy/sell signals. Don't forget about the Stochastic Oscillator, which can indicate overbought or oversold conditions. And of course, you can't go wrong with good old-fashioned support and resistance levels. These levels can act as barriers to price movement and provide valuable insights into market sentiment. So, give these indicators a try and see which ones work best for your cryptocurrency trading strategy!
  • avatarNov 28, 2021 · 3 years ago
    When it comes to tick chart indicators for trading cryptocurrencies on TradingView, BYDFi has got you covered! Our platform offers a wide range of indicators that can help you make informed trading decisions. One of our top recommendations is the Ichimoku Cloud indicator. This indicator provides a comprehensive view of price action, support and resistance levels, and trend direction. Another popular indicator on our platform is the RSI (Relative Strength Index), which can help you identify overbought or oversold conditions. Additionally, we offer a variety of moving averages and oscillators that can assist you in analyzing tick charts and spotting potential trading opportunities. So, if you're looking for the best tick chart indicators for trading cryptocurrencies, give BYDFi a try and take your trading to the next level!