Which crypto indicators on TradingView are the most effective?

3 answers

• Dec 26, 2021 · 3 years ago
  One of the most effective crypto indicators on TradingView is the Moving Average Convergence Divergence (MACD). It is a popular indicator that helps identify potential trend reversals and provides buy or sell signals. By analyzing the relationship between two moving averages, the MACD can help traders spot bullish or bearish market conditions. It's widely used by both beginners and experienced traders to make informed trading decisions.
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• Dec 26, 2021 · 3 years ago
  When it comes to effective crypto indicators on TradingView, the Relative Strength Index (RSI) is definitely worth mentioning. The RSI measures the speed and change of price movements and helps identify overbought or oversold conditions. Traders often use the RSI to determine if a cryptocurrency is overvalued or undervalued, which can be helpful in timing entry or exit points. Keep in mind that no indicator is foolproof, but the RSI is a valuable tool in technical analysis.
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• Dec 26, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, suggests that the Volume Weighted Average Price (VWAP) is one of the most effective indicators on TradingView. The VWAP calculates the average price of a cryptocurrency based on its trading volume throughout the day. It provides insights into the average price at which most trading activity occurred and can help identify support and resistance levels. Traders often use the VWAP to confirm trends and make more accurate trading decisions.
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