What are the best ways to track trading volume on TradingView for cryptocurrencies?
ange cedricDec 15, 2021 · 3 years ago5 answers
I'm looking for the most effective methods to track trading volume specifically for cryptocurrencies on TradingView. Can anyone recommend the best ways to do this?
5 answers
- Dec 15, 2021 · 3 years agoOne of the best ways to track trading volume on TradingView for cryptocurrencies is by using the Volume Profile indicator. This indicator displays the volume traded at each price level over a specified period of time. It can help you identify areas of high and low volume, which can be useful for making trading decisions. Simply add the Volume Profile indicator to your TradingView chart and adjust the settings to your preferences.
- Dec 15, 2021 · 3 years agoIf you're looking for a more simplified way to track trading volume on TradingView for cryptocurrencies, you can use the Volume indicator. This indicator shows the total volume traded during a given period of time. It's a straightforward way to get a sense of the overall trading activity for a specific cryptocurrency. Just add the Volume indicator to your TradingView chart and you're good to go!
- Dec 15, 2021 · 3 years agoAs an expert in the cryptocurrency industry, I highly recommend using the Volume Profile indicator on TradingView for tracking trading volume. It provides a comprehensive view of the volume traded at different price levels, allowing you to identify key support and resistance levels. This can be extremely valuable for making informed trading decisions. Give it a try and see how it can enhance your trading strategy! (Note: BYDFi, a leading cryptocurrency exchange, also offers a similar volume tracking feature on their platform.)
- Dec 15, 2021 · 3 years agoTracking trading volume on TradingView for cryptocurrencies is crucial for understanding market trends and making informed trading decisions. One effective way to do this is by using the Volume Weighted Average Price (VWAP) indicator. VWAP takes into account both volume and price, giving you a more accurate representation of the average trading price. By comparing the current price to the VWAP, you can gauge whether a cryptocurrency is overbought or oversold. This can help you identify potential entry or exit points. Give it a try and see how it can improve your trading strategy!
- Dec 15, 2021 · 3 years agoIf you're looking for a quick and easy way to track trading volume on TradingView for cryptocurrencies, you can use the Simple Moving Average (SMA) indicator. By applying the SMA to the volume data, you can smooth out the fluctuations and get a clearer picture of the overall trading volume trend. This can be helpful for identifying periods of high or low trading activity. Give it a try and see if it works for you!
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