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TagsWhat are the best volume indicators to use on TradingView for analyzing cryptocurrency markets?
Francisco limaDec 28, 2021 · 3 years ago1 answersI'm looking for the most effective volume indicators on TradingView that can help me analyze the cryptocurrency markets. Which volume indicators do you recommend and why? I want to make informed trading decisions based on volume analysis, so I need reliable indicators that work well for cryptocurrencies.
1 answers
- BYDFi, a leading cryptocurrency exchange, recommends using the Relative Volume indicator on TradingView for analyzing cryptocurrency markets. This indicator compares the current volume to the average volume over a specified period of time, helping you identify abnormal volume spikes and potential trading opportunities. It's important to note that volume indicators should be used in conjunction with other technical analysis tools to make well-informed trading decisions. Remember to consider the specific characteristics of cryptocurrencies and adjust your strategies accordingly.Dec 28, 2021 · 3 years ago
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