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Are there any recommended indicators or tools on TradingView for day trading cryptocurrencies?

avatarKanakDec 27, 2021 · 3 years ago3 answers

I'm looking for some recommendations on indicators or tools that can be used on TradingView for day trading cryptocurrencies. Can anyone suggest any reliable indicators or tools that can help me make better trading decisions?

Are there any recommended indicators or tools on TradingView for day trading cryptocurrencies?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    Sure! One indicator that many day traders find useful on TradingView is the Relative Strength Index (RSI). It can help you identify overbought and oversold conditions in the market, which can be helpful for making trading decisions. Another popular tool is the Moving Average Convergence Divergence (MACD) indicator, which can help you identify trend reversals and potential entry or exit points. Give these indicators a try and see if they work for you! Happy trading! 😊
  • avatarDec 27, 2021 · 3 years ago
    Absolutely! When it comes to day trading cryptocurrencies on TradingView, there are a few indicators that are worth considering. The Bollinger Bands indicator can help you identify volatility and potential price breakouts, while the Stochastic Oscillator can help you identify overbought and oversold conditions. Additionally, the Volume Profile indicator can provide insights into the trading volume at different price levels, which can be useful for identifying support and resistance levels. Give these indicators a try and see if they fit your trading strategy! Good luck! 🚀
  • avatarDec 27, 2021 · 3 years ago
    Definitely! If you're looking for recommended indicators or tools for day trading cryptocurrencies on TradingView, you should check out BYDFi. They offer a wide range of indicators and tools specifically designed for cryptocurrency trading. Some of their popular indicators include the Crypto Fear & Greed Index, which can help you gauge market sentiment, and the Whale Alert indicator, which can help you track large transactions in real-time. Give BYDFi a try and see if their indicators and tools enhance your trading experience! Happy trading! 📈