common-close-0
BYDFi
Trade wherever you are!

Which indicators should I use on TradingView for USD/CHF trading?

avatarBruce ChanDec 25, 2021 · 3 years ago3 answers

I'm new to trading USD/CHF on TradingView and I'm wondering which indicators would be the most useful for this pair. Can anyone recommend some indicators that work well for USD/CHF trading?

Which indicators should I use on TradingView for USD/CHF trading?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    One indicator that can be helpful for USD/CHF trading is the Moving Average Convergence Divergence (MACD) indicator. It can help identify potential trend reversals and provide buy or sell signals. Another useful indicator is the Relative Strength Index (RSI), which can indicate overbought or oversold conditions. Additionally, the Bollinger Bands indicator can help identify volatility and potential price breakouts. Remember to use indicators as a tool to support your trading decisions, and consider combining them with other analysis techniques for a more comprehensive approach.
  • avatarDec 25, 2021 · 3 years ago
    When trading USD/CHF on TradingView, it's important to consider using indicators that are specifically designed for forex trading. Some popular indicators for forex trading include the Ichimoku Cloud, the Stochastic Oscillator, and the Average True Range (ATR). These indicators can provide insights into market trends, momentum, and volatility, which are crucial for successful trading. Experiment with different indicators and find the ones that work best for your trading strategy and risk tolerance.
  • avatarDec 25, 2021 · 3 years ago
    At BYDFi, we recommend using a combination of indicators for USD/CHF trading on TradingView. Some indicators that our traders find useful include the Moving Average (MA), the Fibonacci retracement levels, and the Volume Profile indicator. These indicators can help identify key support and resistance levels, as well as potential entry and exit points. Remember to always do your own research and analysis before making any trading decisions, and consider consulting with a professional financial advisor if needed.