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Are there any specific tradingview indicators that work well for swing trading in the realm of cryptocurrencies?

avatarLindhardt LindgreenDec 26, 2021 · 3 years ago3 answers

I'm looking for specific tradingview indicators that are effective for swing trading in the realm of cryptocurrencies. Can anyone recommend any indicators that have proven to work well in this type of trading?

Are there any specific tradingview indicators that work well for swing trading in the realm of cryptocurrencies?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    Absolutely! One popular tradingview indicator for swing trading in cryptocurrencies is the Moving Average Convergence Divergence (MACD). It helps identify potential trend reversals and provides buy or sell signals. Another useful indicator is the Relative Strength Index (RSI), which measures the speed and change of price movements. It can help identify overbought or oversold conditions. Don't forget about the Bollinger Bands, which can help determine volatility and potential price breakouts. These are just a few examples, but there are many more indicators available on tradingview that can be helpful for swing trading in cryptocurrencies.
  • avatarDec 26, 2021 · 3 years ago
    Sure thing! When it comes to swing trading cryptocurrencies on tradingview, you might want to consider using the Ichimoku Cloud indicator. It provides a comprehensive view of support and resistance levels, as well as trend direction. Another indicator worth exploring is the Stochastic Oscillator, which helps identify overbought and oversold conditions. Additionally, the Volume Weighted Average Price (VWAP) indicator can be useful for determining the average price at which a cryptocurrency has been traded over a specific period of time. Give these indicators a try and see how they work for your swing trading strategy!
  • avatarDec 26, 2021 · 3 years ago
    As a representative of BYDFi, I can tell you that our platform offers a wide range of tradingview indicators specifically designed for swing trading in cryptocurrencies. Our users have found great success with indicators like the Moving Average Convergence Divergence (MACD), Relative Strength Index (RSI), and Bollinger Bands. These indicators can help identify potential entry and exit points, as well as provide valuable insights into market trends. If you're looking for specific indicators that work well for swing trading in cryptocurrencies, I highly recommend checking out BYDFi's tradingview integration.