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Are there any free thinkorswim indicators available for tracking digital currency markets?

avatarLenkaDec 29, 2021 · 3 years ago3 answers

I'm looking for free indicators on thinkorswim that can help me track digital currency markets. Are there any available? I want to find indicators that can provide insights and analysis on digital currencies, such as Bitcoin, Ethereum, and other popular cryptocurrencies. It would be great if the indicators can show trends, price movements, and other relevant data to help me make informed trading decisions. Can anyone recommend any free thinkorswim indicators for tracking digital currency markets?

Are there any free thinkorswim indicators available for tracking digital currency markets?

3 answers

  • avatarDec 29, 2021 · 3 years ago
    Yes, there are several free thinkorswim indicators available for tracking digital currency markets. One popular indicator is the Moving Average Convergence Divergence (MACD), which can help identify potential trend reversals and generate buy or sell signals. Another useful indicator is the Relative Strength Index (RSI), which measures the momentum of a cryptocurrency's price movement. Additionally, the Bollinger Bands indicator can provide insights into price volatility and potential breakouts. These indicators can be easily added to your thinkorswim platform and customized to suit your trading strategy. Happy trading!
  • avatarDec 29, 2021 · 3 years ago
    Definitely! You can find free thinkorswim indicators for tracking digital currency markets on various online forums and communities. Some traders and developers share their custom-built indicators for free, which can be easily imported into your thinkorswim platform. Just make sure to do your research and test the indicators before using them in your trading strategy. Remember, indicators are just tools, and it's important to have a comprehensive trading plan and risk management strategy in place. Good luck with your digital currency trading!
  • avatarDec 29, 2021 · 3 years ago
    Yes, there are free thinkorswim indicators available for tracking digital currency markets. One popular indicator is the Ichimoku Cloud, which provides a comprehensive view of support and resistance levels, as well as trend direction and momentum. Another useful indicator is the Volume Profile, which shows the trading volume at different price levels, helping identify areas of high liquidity and potential price reversals. These indicators can be valuable tools for analyzing digital currency markets and making informed trading decisions. Remember to always combine technical analysis with fundamental analysis for a well-rounded approach to trading.