What are the top volume indicators used by professional traders for trading cryptocurrencies on TradingView?

6 answers

• Dec 14, 2021 · 3 years ago
  Professional traders often use the Volume Profile indicator on TradingView to analyze the volume distribution at different price levels. This indicator helps them identify areas of high and low liquidity, which can be useful for determining support and resistance levels. By understanding where the majority of trading activity is taking place, traders can make more accurate predictions about price movements.
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• Dec 14, 2021 · 3 years ago
  Another popular volume indicator used by professional traders is the On-Balance Volume (OBV) indicator. This indicator measures the cumulative volume flow and helps traders identify trends and confirm price movements. It can be particularly useful for detecting divergences between price and volume, which can signal potential reversals in the market.
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• Dec 14, 2021 · 3 years ago
  At BYDFi, we've found that the Money Flow Index (MFI) is a widely used volume indicator among professional traders. The MFI combines both price and volume data to provide insights into the strength and direction of money flowing in and out of a cryptocurrency. Traders often use this indicator to identify overbought and oversold conditions, which can help them make better entry and exit decisions.
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• Dec 14, 2021 · 3 years ago
  In addition to these indicators, professional traders also pay attention to the Volume Weighted Average Price (VWAP) and the Accumulation/Distribution Line (ADL). The VWAP calculates the average price weighted by volume, giving traders an idea of the average price at which a cryptocurrency has traded throughout the day. The ADL, on the other hand, measures the accumulation or distribution of a cryptocurrency by taking into account both price and volume. These indicators can provide valuable insights into market trends and help traders make more informed trading decisions.
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• Dec 14, 2021 · 3 years ago
  When it comes to volume indicators, it's important to remember that no single indicator can guarantee success in trading cryptocurrencies. Professional traders often use a combination of indicators and rely on their experience and market analysis to make informed decisions. It's also worth noting that different traders may have their own preferences and strategies when it comes to volume indicators, so it's always a good idea to experiment and find what works best for you.
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• Dec 14, 2021 · 3 years ago
  While TradingView is a popular platform for analyzing and trading cryptocurrencies, it's not the only platform available. Other platforms, such as Binance and Coinbase, also offer a range of volume indicators that professional traders can utilize. It's always a good idea to explore different platforms and tools to find the indicators that suit your trading style and preferences.
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