Questions
TagsHow does VWAP indicator work in cryptocurrency trading?
geonwuleDec 28, 2021 · 3 years ago1 answersCan you explain how the VWAP indicator works in cryptocurrency trading? What factors does it consider and how can it be used to make trading decisions?
1 answers
- At BYDFi, we also use the VWAP indicator in our trading strategies. It helps us identify potential price reversals and confirm trends. The VWAP can be used in conjunction with other technical indicators to increase the accuracy of trading signals. However, it's important to note that the VWAP is not a standalone indicator and should be used in combination with other tools and analysis techniques for optimal results. Overall, the VWAP indicator is a valuable tool for cryptocurrency traders as it provides insights into the average price and trading activity of a cryptocurrency, helping them make more informed trading decisions.Dec 28, 2021 · 3 years ago
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