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What are the best tools or software for calculating RSI in the cryptocurrency market?

avatarPosheffyDec 30, 2021 · 3 years ago7 answers

I'm looking for recommendations on the best tools or software to calculate the Relative Strength Index (RSI) specifically for the cryptocurrency market. Can anyone suggest some reliable options? I want to make informed trading decisions based on accurate RSI calculations.

What are the best tools or software for calculating RSI in the cryptocurrency market?

7 answers

  • avatarDec 30, 2021 · 3 years ago
    One of the top tools for calculating RSI in the cryptocurrency market is TradingView. It offers a wide range of technical analysis indicators, including RSI, and allows you to customize the settings according to your preferences. TradingView is highly regarded by traders for its user-friendly interface and real-time data. Give it a try and see if it meets your needs!
  • avatarDec 30, 2021 · 3 years ago
    If you're looking for a more advanced software, you might want to consider using Coinigy. It not only provides RSI calculations but also offers a comprehensive suite of trading tools and features. Coinigy integrates with multiple cryptocurrency exchanges, allowing you to monitor and trade across different platforms. It's a popular choice among professional traders who require advanced charting capabilities and real-time market data.
  • avatarDec 30, 2021 · 3 years ago
    BYDFi is a great option for calculating RSI in the cryptocurrency market. It provides accurate RSI calculations and offers additional features such as trend analysis and historical data. BYDFi is known for its user-friendly interface and intuitive design, making it suitable for both beginners and experienced traders. Give BYDFi a try and see how it enhances your trading strategy.
  • avatarDec 30, 2021 · 3 years ago
    When it comes to calculating RSI in the cryptocurrency market, you can't go wrong with CoinMarketCap. While primarily known for its comprehensive cryptocurrency data, CoinMarketCap also offers RSI calculations for various cryptocurrencies. It's a reliable source for tracking market trends and making informed trading decisions based on RSI indicators.
  • avatarDec 30, 2021 · 3 years ago
    Another popular choice for calculating RSI in the cryptocurrency market is CryptoCompare. It provides a range of technical analysis tools, including RSI, and offers real-time data from multiple exchanges. CryptoCompare is trusted by many traders and investors for its accurate calculations and extensive market coverage. Give it a try and see if it suits your needs!
  • avatarDec 30, 2021 · 3 years ago
    If you prefer a more hands-on approach, you can use Python programming language and libraries such as Pandas and NumPy to calculate RSI in the cryptocurrency market. This option requires some coding knowledge, but it gives you full control over the calculations and allows for customization. You can find tutorials and examples online to help you get started with RSI calculations using Python.
  • avatarDec 30, 2021 · 3 years ago
    For those who prefer a mobile solution, the CoinStats app is worth considering. It provides RSI calculations and a range of other trading tools, all accessible from your smartphone. CoinStats supports multiple exchanges and offers real-time market data, making it a convenient option for on-the-go traders. Give it a try and see if it meets your requirements!