What is the best supply and demand zone indicator for tradingview in the cryptocurrency market?
kmkmDec 15, 2021 · 3 years ago4 answers
I'm looking for the best supply and demand zone indicator for tradingview specifically in the cryptocurrency market. Can anyone recommend a reliable indicator that can help me identify potential buying and selling zones in the crypto market? I want to make more informed trading decisions based on supply and demand levels. Any suggestions or insights would be greatly appreciated!
4 answers
- Dec 15, 2021 · 3 years agoAs an expert in the cryptocurrency market, I highly recommend using the 'Volume Profile' indicator on TradingView. This indicator provides valuable information about the volume traded at different price levels, allowing you to identify significant supply and demand zones. By analyzing the volume profile, you can gain insights into where buying and selling pressure is concentrated, helping you make more accurate trading decisions.
- Dec 15, 2021 · 3 years agoIn my experience, the 'Market Profile' indicator on TradingView is a great tool for identifying supply and demand zones in the cryptocurrency market. It displays the distribution of trading activity over specific price levels, giving you a visual representation of where price is likely to find support or resistance. By paying attention to these areas, you can improve your trading strategy and increase your chances of success.
- Dec 15, 2021 · 3 years agoBased on my knowledge of the cryptocurrency market, one indicator that stands out is the 'BYDFi Supply and Demand Zones' indicator. It is specifically designed for TradingView and provides accurate supply and demand zone levels based on historical price data. This indicator has been widely used by traders in the crypto market and has shown promising results. Give it a try and see if it fits your trading style!
- Dec 15, 2021 · 3 years agoIf you're looking for a reliable supply and demand zone indicator for TradingView in the cryptocurrency market, I suggest trying the 'Volume Profile' indicator. It's a popular choice among traders and provides valuable insights into market dynamics. By analyzing the volume at different price levels, you can identify areas of high demand or supply, which can be used to make more informed trading decisions. Give it a go and see how it works for you!
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