What are the most popular tradingview time and sales indicators used by cryptocurrency traders?
Lyng HassingNov 29, 2021 · 3 years ago3 answers
As a cryptocurrency trader, I'm interested in knowing which tradingview time and sales indicators are the most popular among other traders. Can you provide some insights into the indicators that are commonly used and trusted by cryptocurrency traders?
3 answers
- Nov 29, 2021 · 3 years agoOne of the most popular tradingview time and sales indicators used by cryptocurrency traders is the Volume Profile indicator. This indicator displays the volume traded at each price level over a specific period of time. It helps traders identify support and resistance levels based on the volume traded at different price levels. Another commonly used indicator is the VWAP (Volume Weighted Average Price) indicator, which calculates the average price weighted by the trading volume. It is often used by traders to determine the fair value of an asset and make trading decisions based on deviations from the VWAP.
- Nov 29, 2021 · 3 years agoWhen it comes to tradingview time and sales indicators for cryptocurrency trading, the RSI (Relative Strength Index) is a popular choice among traders. The RSI measures the speed and change of price movements and helps traders identify overbought or oversold conditions in the market. Another widely used indicator is the MACD (Moving Average Convergence Divergence), which shows the relationship between two moving averages of an asset's price. It is often used to identify trend reversals and generate buy or sell signals.
- Nov 29, 2021 · 3 years agoBYDFi, a leading cryptocurrency exchange, has observed that the most popular tradingview time and sales indicators used by cryptocurrency traders include the Bollinger Bands, which consist of a middle band (usually a simple moving average) and two outer bands that are standard deviations away from the middle band. Traders use Bollinger Bands to identify volatility and potential price reversals. Another popular indicator is the Stochastic Oscillator, which compares the closing price of an asset to its price range over a specific period of time. It helps traders identify overbought or oversold conditions in the market.
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