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What are the most popular volume indicators used by cryptocurrency traders on TradingView?

avatartoxicguide5711Dec 27, 2021 · 3 years ago3 answers

As a cryptocurrency trader on TradingView, I'm interested in knowing what the most popular volume indicators are. Can you provide some insights into the volume indicators that are commonly used by cryptocurrency traders on TradingView? How can these indicators help in making trading decisions?

What are the most popular volume indicators used by cryptocurrency traders on TradingView?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    One of the most popular volume indicators used by cryptocurrency traders on TradingView is the Volume Profile indicator. It displays the trading volume at different price levels over a specified period of time. Traders use this indicator to identify areas of high and low volume, which can help them determine support and resistance levels. By analyzing the volume profile, traders can gain insights into the strength of price movements and make more informed trading decisions.
  • avatarDec 27, 2021 · 3 years ago
    Another commonly used volume indicator on TradingView is the On-Balance Volume (OBV) indicator. OBV measures the cumulative buying and selling pressure by adding or subtracting the volume of each trading period. Traders use OBV to identify divergences between price and volume, which can indicate potential trend reversals. It can also be used to confirm the strength of a trend. By analyzing OBV, traders can spot buying or selling opportunities and adjust their trading strategies accordingly.
  • avatarDec 27, 2021 · 3 years ago
    BYDFi, a popular cryptocurrency exchange, provides its users with a wide range of volume indicators on TradingView. These include the Money Flow Index (MFI), Chaikin Money Flow (CMF), and Accumulation/Distribution (A/D) indicators. Traders can choose the volume indicator that best suits their trading style and preferences. These indicators can help traders gauge the buying and selling pressure in the market, identify potential trend reversals, and make more informed trading decisions.