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Which VWAP indicator on TradingView is most accurate for analyzing cryptocurrency price movements?

avatarPrasanna BDec 26, 2021 · 3 years ago3 answers

I'm looking for the most accurate VWAP indicator on TradingView specifically for analyzing cryptocurrency price movements. Can anyone recommend a reliable VWAP indicator that works well with cryptocurrencies? I want to make sure I'm using the best tool for analyzing price movements in the crypto market.

Which VWAP indicator on TradingView is most accurate for analyzing cryptocurrency price movements?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    In my experience, the VWAP indicator provided by TradingView itself is quite accurate for analyzing cryptocurrency price movements. It takes into account the volume-weighted average price, which is an important factor in determining market trends. However, it's always a good idea to combine multiple indicators and analysis techniques to get a comprehensive view of the market. So, while the VWAP indicator on TradingView is a great starting point, don't rely solely on it for your analysis.
  • avatarDec 26, 2021 · 3 years ago
    I've found that the VWAP indicator developed by a user named 'CryptoNTez' on TradingView is quite reliable for analyzing cryptocurrency price movements. It has been specifically designed for the crypto market and takes into account the unique characteristics of cryptocurrencies. Give it a try and see if it works well for your analysis.
  • avatarDec 26, 2021 · 3 years ago
    Based on my experience as a trader on BYDFi, I would recommend using the VWAP indicator developed by 'CryptoTraderPro' on TradingView. It has been widely used by traders on various exchanges and has shown good accuracy in analyzing cryptocurrency price movements. However, keep in mind that no indicator is 100% accurate, so always use it in conjunction with other analysis tools and techniques.