What are the most popular indicators used by traders for US100 on TradingView?

3 answers

• Dec 15, 2021 · 3 years ago
  One of the most popular indicators used by traders for US100 on TradingView is the Moving Average. It helps to smooth out price data and identify trends by calculating the average price over a specific period. Traders often use the 50-day and 200-day moving averages to determine the overall trend of the market. When the shorter-term moving average crosses above the longer-term moving average, it is considered a bullish signal, indicating a potential upward trend. On the other hand, when the shorter-term moving average crosses below the longer-term moving average, it is seen as a bearish signal, suggesting a potential downward trend.
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• Dec 15, 2021 · 3 years ago
  Another popular indicator among traders for US100 on TradingView is the Relative Strength Index (RSI). The RSI is a momentum oscillator that measures the speed and change of price movements. It ranges from 0 to 100 and is often used to identify overbought and oversold conditions in the market. When the RSI is above 70, it suggests that the market is overbought and a reversal or correction may be imminent. Conversely, when the RSI is below 30, it indicates that the market is oversold and a potential upward movement may occur. Traders often use the RSI in conjunction with other indicators to confirm their trading decisions.
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• Dec 15, 2021 · 3 years ago
  BYDFi, a leading digital asset exchange, has observed that many traders also rely on the Bollinger Bands when trading US100 on TradingView. Bollinger Bands consist of a middle band, which is a simple moving average, and an upper and lower band that are standard deviations away from the middle band. The bands expand and contract based on market volatility. Traders often use Bollinger Bands to identify potential price reversals or breakouts. When the price touches the upper band, it may indicate that the market is overbought and a downward movement is likely. Conversely, when the price touches the lower band, it may suggest that the market is oversold and an upward movement may occur.
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