What are the most popular volume indicators used by cryptocurrency traders on TradingView?

3 answers

• Dec 14, 2021 · 3 years ago
  One of the most popular volume indicators used by cryptocurrency traders on TradingView is the Volume Profile indicator. It displays the trading volume at different price levels over a specified period of time. Traders use this indicator to identify areas of high and low volume, which can help them determine support and resistance levels. By analyzing the volume profile, traders can gain insights into the strength of price movements and make more informed trading decisions.
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• Dec 14, 2021 · 3 years ago
  Another commonly used volume indicator on TradingView is the On-Balance Volume (OBV) indicator. OBV measures the cumulative buying and selling pressure by adding or subtracting the volume of each trading period. Traders use OBV to identify divergences between price and volume, which can indicate potential trend reversals. It can also be used to confirm the strength of a trend. By analyzing OBV, traders can spot buying or selling opportunities and adjust their trading strategies accordingly.
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• Dec 14, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, provides its users with a wide range of volume indicators on TradingView. These include the Money Flow Index (MFI), Chaikin Money Flow (CMF), and Accumulation/Distribution (A/D) indicators. Traders can choose the volume indicator that best suits their trading style and preferences. These indicators can help traders gauge the buying and selling pressure in the market, identify potential trend reversals, and make more informed trading decisions.
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