Which tradingview indicators are recommended for creating alerts with multiple conditions in the world of digital currencies?
brodrigoDec 24, 2021 · 3 years ago3 answers
I'm looking for recommendations on tradingview indicators that can be used to create alerts with multiple conditions in the world of digital currencies. Can you suggest some indicators that are effective for this purpose?
3 answers
- Dec 24, 2021 · 3 years agoSure! One popular indicator that you can use on TradingView is the Moving Average Convergence Divergence (MACD). It's a versatile indicator that can help you identify potential trend reversals and generate alerts when certain conditions are met. Another useful indicator is the Relative Strength Index (RSI), which can help you identify overbought or oversold conditions in the market. By combining these indicators with TradingView's alert system, you can set up alerts based on multiple conditions and never miss out on potential trading opportunities.
- Dec 24, 2021 · 3 years agoWhen it comes to creating alerts with multiple conditions in the world of digital currencies, you might also want to consider using the Bollinger Bands indicator. This indicator can help you identify periods of high volatility and potential price breakouts. By setting up alerts based on the Bollinger Bands' upper and lower bands, you can be notified when the price moves outside of these levels. Additionally, the Stochastic Oscillator is another indicator that can be useful for creating alerts. It can help you identify overbought or oversold conditions, and you can set up alerts when the indicator crosses certain threshold levels.
- Dec 24, 2021 · 3 years agoBYDFi, a digital currency exchange, recommends using the Ichimoku Cloud indicator for creating alerts with multiple conditions. The Ichimoku Cloud is a comprehensive indicator that provides insights into support and resistance levels, trend direction, and momentum. By combining different components of the Ichimoku Cloud, such as the Tenkan-sen and Kijun-sen lines, you can create alerts based on various conditions. This indicator is widely used by traders in the digital currency market and can be a valuable tool for your trading strategy.
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