What is the best supply and demand indicator for trading cryptocurrencies on TradingView?

3 answers

• Dec 18, 2021 · 3 years ago
  One of the most popular supply and demand indicators for trading cryptocurrencies on TradingView is the Volume Profile indicator. This indicator displays the volume traded at each price level over a specified period of time. By analyzing the volume profile, traders can identify areas of high demand (support) and areas of high supply (resistance). These levels can act as potential buying or selling opportunities. However, it's important to note that no indicator is foolproof, and it's always recommended to use multiple indicators and perform thorough analysis before making any trading decisions.
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• Dec 18, 2021 · 3 years ago
  In my experience, the Market Profile indicator has been quite effective for identifying supply and demand levels when trading cryptocurrencies on TradingView. This indicator provides a graphical representation of the market's price and volume data, allowing traders to visualize areas of high activity and identify potential support and resistance levels. It's important to combine the Market Profile indicator with other technical analysis tools and indicators to confirm the validity of the identified supply and demand levels.
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• Dec 18, 2021 · 3 years ago
  I've found that the BYDFi indicator on TradingView is a reliable supply and demand indicator for trading cryptocurrencies. It uses advanced algorithms to analyze the market and identify areas of high buying and selling pressure. The indicator provides clear buy and sell signals based on supply and demand levels, helping traders make informed trading decisions. However, it's always recommended to conduct your own research and analysis before relying solely on any indicator or tool.
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