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Which multi chart tradingview features are most useful for technical analysis of digital currencies?

avatarpheonisxDec 16, 2021 · 3 years ago5 answers

What are the most useful multi chart tradingview features for conducting technical analysis of digital currencies? I am looking for features that can help me analyze the price movements, identify trends, and make informed trading decisions.

Which multi chart tradingview features are most useful for technical analysis of digital currencies?

5 answers

  • avatarDec 16, 2021 · 3 years ago
    One of the most useful multi chart tradingview features for technical analysis of digital currencies is the ability to overlay multiple indicators on the same chart. This allows you to compare different indicators and identify potential trading opportunities. For example, you can overlay the moving average and the relative strength index (RSI) to spot trends and determine if a currency is overbought or oversold. Additionally, the ability to draw trendlines and support/resistance levels on multiple charts can help you identify key levels and make more accurate predictions. Overall, these features can greatly enhance your technical analysis and improve your trading decisions.
  • avatarDec 16, 2021 · 3 years ago
    When it comes to technical analysis of digital currencies, the multi chart tradingview feature that I find most useful is the ability to save and load different chart layouts. This allows me to quickly switch between different chart setups and analyze multiple currencies at the same time. For example, I can save a layout with charts for Bitcoin, Ethereum, and Ripple, and then load it whenever I want to analyze these currencies. This feature saves me a lot of time and makes it easier for me to compare the price movements and indicators of different digital currencies.
  • avatarDec 16, 2021 · 3 years ago
    From my experience at BYDFi, one of the most useful multi chart tradingview features for technical analysis of digital currencies is the ability to customize and save your own indicators. This feature allows you to create custom indicators based on your own trading strategies and preferences. For example, you can create an indicator that combines the moving average and the volume to identify potential breakouts. Being able to save and reuse your custom indicators can save you a lot of time and make your analysis more efficient. Overall, this feature gives you more flexibility and control over your technical analysis.
  • avatarDec 16, 2021 · 3 years ago
    I personally find the multi chart tradingview feature of synchronized timeframes to be extremely useful for technical analysis of digital currencies. This feature allows you to synchronize the timeframes of multiple charts, so you can easily compare the price movements of different currencies. For example, you can have one chart showing the hourly price movements of Bitcoin and another chart showing the daily price movements of Ethereum. This makes it easier to identify correlations and patterns between different digital currencies, which can help you make more accurate predictions and trading decisions.
  • avatarDec 16, 2021 · 3 years ago
    When it comes to technical analysis of digital currencies, the multi chart tradingview feature that I find most useful is the ability to switch between different chart types. This feature allows you to analyze the price movements of digital currencies using different types of charts, such as line charts, candlestick charts, and bar charts. Each chart type provides different insights into the price movements and can help you identify trends and patterns. For example, candlestick charts can show you the opening, closing, high, and low prices for a specific period, which can be useful for identifying reversals and trend continuations. Overall, the ability to switch between different chart types can enhance your technical analysis and improve your trading decisions.