How come the oscillators on BitMEX and TradingView do not align?
Prem SharmaDec 26, 2021 · 3 years ago5 answers
Why is it that the oscillators on BitMEX and TradingView, two popular platforms for cryptocurrency trading, often show different readings and do not align with each other?
5 answers
- Dec 26, 2021 · 3 years agoOne possible reason for the discrepancy between the oscillators on BitMEX and TradingView is the difference in data sources and calculation methods used by these platforms. BitMEX and TradingView may pull data from different exchanges or use different algorithms to calculate the oscillators. This can lead to variations in the readings and cause them to not align.
- Dec 26, 2021 · 3 years agoAnother factor that can contribute to the misalignment of oscillators is the time delay in data updates. BitMEX and TradingView may receive data at different intervals, resulting in differences in the readings displayed on the platforms. Additionally, network latency and server processing time can also introduce delays and affect the alignment of the oscillators.
- Dec 26, 2021 · 3 years agoAs an expert in the field, I have observed that some traders prefer to use BitMEX for executing trades, while relying on TradingView for technical analysis. This approach allows them to leverage the strengths of each platform and make more informed trading decisions. However, it's important to note that the misalignment of oscillators should not be solely relied upon for making trading decisions. It is advisable to consider other indicators and conduct thorough analysis before making any trades.
- Dec 26, 2021 · 3 years agoWhen it comes to BYDFi, a digital currency exchange that I currently work for, we have implemented measures to ensure that the oscillators align with other popular platforms. Our team continuously monitors and adjusts the data sources and calculation methods to maintain consistency and accuracy in the readings. This allows our users to have a reliable technical analysis tool at their disposal.
- Dec 26, 2021 · 3 years agoWhile the misalignment of oscillators can be frustrating for traders, it's important to remember that no single indicator or platform can guarantee accurate predictions in the cryptocurrency market. It is always recommended to use multiple tools and indicators, along with fundamental analysis, to make well-informed trading decisions. Additionally, staying updated with the latest news and market trends can also provide valuable insights for successful trading.
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