Which custom indicators on TradingView are popular among successful cryptocurrency traders?

7 answers

• Nov 26, 2021 · 3 years ago
  One popular custom indicator among successful cryptocurrency traders on TradingView is the Moving Average Convergence Divergence (MACD). This indicator helps traders identify potential trend reversals and generate buy or sell signals. It is widely used due to its effectiveness in capturing market trends. Another commonly used indicator is the Relative Strength Index (RSI), which helps traders determine overbought or oversold conditions in the market. Traders often combine these indicators with other technical analysis tools to make informed trading decisions.
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• Nov 26, 2021 · 3 years ago
  Successful cryptocurrency traders on TradingView often rely on the Bollinger Bands indicator. This indicator helps traders identify periods of high volatility and potential price breakouts. By analyzing the width of the bands, traders can gauge the market's volatility and adjust their trading strategies accordingly. Another popular custom indicator is the Ichimoku Cloud, which provides a comprehensive view of support and resistance levels, as well as potential trend reversals. Traders find this indicator useful for identifying key levels and making profitable trading decisions.
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• Nov 26, 2021 · 3 years ago
  As an expert at BYDFi, I can say that among successful cryptocurrency traders on TradingView, the Volume Profile indicator is highly regarded. This indicator displays the volume traded at each price level, allowing traders to identify areas of high liquidity and significant price levels. Traders often use this information to determine potential support and resistance levels. Additionally, the Fibonacci retracement tool is widely used by successful traders to identify potential price levels for market corrections or reversals. By combining these indicators with their trading strategies, traders can increase their chances of success in the cryptocurrency market.
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• Nov 26, 2021 · 3 years ago
  When it comes to custom indicators on TradingView, successful cryptocurrency traders often rely on the Moving Average indicator. This indicator helps traders identify the overall trend of a cryptocurrency's price movement. By calculating the average price over a specific period, traders can determine whether the price is trending upwards or downwards. Another popular indicator is the Stochastic Oscillator, which measures the momentum of a cryptocurrency's price movement. Traders use this indicator to identify overbought or oversold conditions and potential trend reversals.
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• Nov 26, 2021 · 3 years ago
  Successful cryptocurrency traders on TradingView often find the Volume Weighted Average Price (VWAP) indicator to be useful. This indicator calculates the average price of a cryptocurrency based on its trading volume. Traders use VWAP to identify areas of value and potential support or resistance levels. Another popular custom indicator is the Parabolic SAR, which helps traders identify potential trend reversals. This indicator places dots above or below the price chart to indicate the direction of the trend. Traders often use these indicators in combination with other technical analysis tools to make informed trading decisions.
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• Nov 26, 2021 · 3 years ago
  Among successful cryptocurrency traders on TradingView, the Relative Vigor Index (RVI) is a popular custom indicator. This indicator measures the strength of a trend and helps traders identify potential trend reversals. Traders often use the RVI in conjunction with other indicators to confirm trading signals. Another widely used indicator is the Average True Range (ATR), which measures the volatility of a cryptocurrency's price movement. Traders use this indicator to determine the potential range of price movement and adjust their trading strategies accordingly.
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• Nov 26, 2021 · 3 years ago
  Successful cryptocurrency traders on TradingView often rely on the On-Balance Volume (OBV) indicator. This indicator combines price and volume to measure the buying and selling pressure in the market. Traders use OBV to confirm the strength of a trend and identify potential trend reversals. Another popular custom indicator is the Money Flow Index (MFI), which measures the flow of money into and out of a cryptocurrency. Traders use MFI to identify overbought or oversold conditions and potential price reversals.
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