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What are the most popular custom MT4 indicators used by professional cryptocurrency traders?

avatarHrithik KDec 28, 2021 · 3 years ago3 answers

As a professional cryptocurrency trader, I'm interested in knowing the most popular custom MT4 indicators used by other professionals in the field. These indicators can provide valuable insights and help improve trading strategies. Can anyone share their experiences and recommend some widely-used custom MT4 indicators for cryptocurrency trading?

What are the most popular custom MT4 indicators used by professional cryptocurrency traders?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    As a professional cryptocurrency trader, I highly recommend using the Moving Average Convergence Divergence (MACD) indicator. It is widely used and provides valuable information about trend reversals and momentum. Additionally, the Relative Strength Index (RSI) is another popular indicator that helps identify overbought and oversold conditions. These two indicators, when used together, can greatly enhance your trading decisions.
  • avatarDec 28, 2021 · 3 years ago
    When it comes to custom MT4 indicators for cryptocurrency trading, the Bollinger Bands indicator is a must-have. It helps identify volatility and potential price breakouts. Another useful indicator is the Ichimoku Cloud, which provides a comprehensive view of support and resistance levels, as well as trend direction. These indicators have been widely adopted by professional cryptocurrency traders.
  • avatarDec 28, 2021 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, has a great selection of custom MT4 indicators for traders. Their indicators include the Fibonacci retracement tool, which helps identify potential price levels for entering or exiting trades. They also offer the Stochastic oscillator, which indicates overbought and oversold conditions. These indicators have been widely used by professional cryptocurrency traders to improve their trading strategies.