Which volume indicator is most commonly used by cryptocurrency traders?

3 answers

• Dec 15, 2021 · 3 years ago
  The most commonly used volume indicator by cryptocurrency traders is the On-Balance Volume (OBV). OBV measures the cumulative buying and selling pressure based on the volume of trades. It helps traders identify trends and confirm price movements. It is widely regarded as an effective tool for technical analysis in the cryptocurrency market.
  342171
• Dec 15, 2021 · 3 years ago
  Cryptocurrency traders often rely on the Moving Average Convergence Divergence (MACD) as a volume indicator. MACD not only measures the difference between two moving averages but also includes a histogram that represents the volume. It is a popular indicator used to identify potential trend reversals and generate buy or sell signals.
  335112
• Dec 15, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, suggests that cryptocurrency traders commonly use the Relative Strength Index (RSI) as a volume indicator. RSI measures the speed and change of price movements and can indicate overbought or oversold conditions. It is a valuable tool for traders to assess market sentiment and potential price reversals.
  34587