What are the best crypto indicators on TradingView?

3 answers

• Dec 26, 2021 · 3 years ago
  One of the best crypto indicators on TradingView is the Moving Average Convergence Divergence (MACD). It is a versatile indicator that can help identify trend reversals and generate buy or sell signals. By analyzing the relationship between two moving averages, the MACD can provide insights into the momentum and strength of a cryptocurrency's price movement. It is widely used by traders to confirm trends and make informed trading decisions. Give it a try and see how it can improve your trading strategy!
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• Dec 26, 2021 · 3 years ago
  When it comes to crypto indicators on TradingView, the Relative Strength Index (RSI) is definitely worth considering. The RSI measures the speed and change of price movements and helps identify overbought or oversold conditions. By using the RSI, traders can determine whether a cryptocurrency is overvalued or undervalued, which can be useful for timing entry and exit points. Keep in mind that no indicator is foolproof, so it's always a good idea to combine multiple indicators and use them in conjunction with other analysis techniques for better results.
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• Dec 26, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, recommends using the Bollinger Bands 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. These bands expand and contract based on market volatility, providing a visual representation of price volatility. Traders can use Bollinger Bands to identify potential breakouts, trend reversals, and volatility patterns. It's a versatile indicator that can be applied to various trading strategies. Give it a try and see how it can enhance your trading decisions!
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