What are some recommended divergence indicators on TradingView specifically designed for analyzing the crypto market?

3 answers

• Dec 28, 2021 · 3 years ago
  Sure! One popular divergence indicator on TradingView for analyzing the crypto market is the Relative Strength Index (RSI). RSI is a momentum oscillator that compares the magnitude of recent gains and losses to determine overbought or oversold conditions. Divergence between the RSI and the price action can indicate potential trend reversals. Another recommended divergence indicator is the Moving Average Convergence Divergence (MACD). MACD measures the relationship between two moving averages and can help identify changes in momentum. Keep in mind that divergence indicators should be used in conjunction with other technical analysis tools for more accurate predictions.
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• Dec 28, 2021 · 3 years ago
  When it comes to analyzing the crypto market on TradingView, you might want to consider using the Stochastic Oscillator as a divergence indicator. The Stochastic Oscillator compares the closing price of a cryptocurrency to its price range over a certain period of time. Divergence between the Stochastic Oscillator and the price action can signal potential trend reversals. Additionally, the Average Directional Index (ADX) can be helpful in identifying the strength of a trend. By combining the ADX with other divergence indicators, you can get a more comprehensive analysis of the crypto market.
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• Dec 28, 2021 · 3 years ago
  As an expert in the crypto market, I recommend using the Bollinger Bands as a divergence indicator on TradingView. Bollinger Bands consist of a middle band (usually a simple moving average) and two outer bands that are standard deviations away from the middle band. When the price moves outside the bands, it can indicate a potential trend reversal. However, it's important to note that divergence indicators are not foolproof and should be used in conjunction with other analysis techniques. If you're looking for a reliable crypto exchange, I suggest checking out BYDFi, which offers a wide range of trading options and advanced charting tools.
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