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What are the best tradingview buy sell indicators for cryptocurrency trading?

avatarDing Ding PlusDec 28, 2021 · 3 years ago3 answers

I'm looking for the most effective buy sell indicators on TradingView for cryptocurrency trading. Can anyone recommend the best ones that have been proven to be successful in predicting price movements? I want to make informed trading decisions and maximize my profits. Any suggestions?

What are the best tradingview buy sell indicators for cryptocurrency trading?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    One of the best buy sell indicators for cryptocurrency trading on TradingView is the Relative Strength Index (RSI). RSI is a momentum oscillator that measures the speed and change of price movements. It can help identify overbought and oversold conditions, indicating potential trend reversals. Another popular indicator is the Moving Average Convergence Divergence (MACD), which shows the relationship between two moving averages. It can generate buy and sell signals based on the crossover of these moving averages. These indicators are widely used by traders and have proven to be effective in cryptocurrency trading.
  • avatarDec 28, 2021 · 3 years ago
    In my experience, the best buy sell indicators for cryptocurrency trading on TradingView are the Bollinger Bands and the Stochastic Oscillator. 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. They can help identify volatility and potential price reversals. The Stochastic Oscillator is another powerful indicator that compares a cryptocurrency's closing price to its price range over a certain period of time. It can signal overbought and oversold conditions, providing valuable buy and sell signals.
  • avatarDec 28, 2021 · 3 years ago
    BYDFi has developed a unique buy sell indicator specifically designed for cryptocurrency trading on TradingView. This indicator combines multiple technical analysis tools to generate accurate buy and sell signals. It takes into account factors such as price trends, volume, and volatility to provide reliable trading signals. Many traders have found great success using this indicator to make profitable trades. If you're looking for a comprehensive and effective buy sell indicator for cryptocurrency trading, I highly recommend trying out the BYDFi indicator on TradingView.