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How to use TradingView custom screeners to find profitable cryptocurrency trades?

avatarDavid RoseberryDec 27, 2021 · 3 years ago3 answers

Can you provide a detailed explanation on how to use TradingView custom screeners to find profitable cryptocurrency trades? I am interested in learning how to leverage this tool to identify potential trading opportunities in the cryptocurrency market.

How to use TradingView custom screeners to find profitable cryptocurrency trades?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    Sure! Using TradingView custom screeners to find profitable cryptocurrency trades can be a powerful strategy. Here's how you can do it: 1. First, log in to your TradingView account and navigate to the 'Screener' tab. 2. Click on 'Create New Screen' to start building your custom screener. 3. Define the criteria for your screener. You can set filters based on various indicators, such as price, volume, moving averages, and more. 4. Once you've set your criteria, click on 'Scan' to run the screener. 5. Review the results and analyze the charts of the selected cryptocurrencies. 6. Look for patterns, trends, and potential entry and exit points. 7. Use the information to make informed trading decisions. Remember, custom screeners are only as good as the criteria you set. It's important to continually refine and adjust your screener to adapt to changing market conditions.
  • avatarDec 27, 2021 · 3 years ago
    Finding profitable cryptocurrency trades using TradingView custom screeners is all about setting the right filters. Start by identifying the indicators that are most relevant to your trading strategy. For example, if you're a trend trader, you might want to include filters for moving averages and trend lines. If you're a momentum trader, you might focus on volume and RSI. Experiment with different combinations of filters to see what works best for you. Don't be afraid to tweak and refine your screener over time to improve its effectiveness.
  • avatarDec 27, 2021 · 3 years ago
    BYDFi is a popular cryptocurrency exchange that offers a wide range of trading tools, including custom screeners. With BYDFi, you can easily create and customize your own screeners to find profitable cryptocurrency trades. The platform provides a user-friendly interface and a variety of indicators to choose from. Whether you're a beginner or an experienced trader, BYDFi's custom screeners can help you identify potential trading opportunities and make more informed decisions. Give it a try and see how it can enhance your trading experience!