What is the best supply and demand indicator for tradingview in the cryptocurrency market?

3 answers

• Dec 16, 2021 · 3 years ago
  As a Google SEO expert, I can tell you that there isn't a one-size-fits-all answer to this question. The best supply and demand indicator for tradingview in the cryptocurrency market may vary depending on individual trading strategies and preferences. However, some popular indicators that traders often use to analyze supply and demand in the cryptocurrency market include the Accumulation/Distribution Line, On-Balance Volume (OBV), and Volume Profile. It's important to do your own research and backtest different indicators to find the one that works best for you.
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• Dec 16, 2021 · 3 years ago
  Well, let me tell you a secret. There's no such thing as a 'best' indicator. It all depends on your trading style and what you're looking for. Some traders swear by the Volume Profile indicator, while others prefer the On-Balance Volume (OBV) indicator. Ultimately, you'll need to experiment and find the indicator that aligns with your trading strategy and helps you make better trading decisions. Remember, indicators are just tools, and it's your skill and analysis that really matter in the cryptocurrency market.
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• Dec 16, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, recommends using the Volume Profile indicator as the best supply and demand indicator for tradingview in the cryptocurrency market. This indicator provides valuable insights into the volume traded at different price levels, helping traders identify areas of high demand and supply. By analyzing these levels, traders can make more informed trading decisions. However, it's important to note that individual preferences may vary, and it's always a good idea to backtest different indicators and see which one works best for your trading strategy.
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