Are there any specific indicators or strategies that can be used in conjunction with volume shelf on TradingView for cryptocurrency analysis?

3 answers

• Dec 26, 2021 · 3 years ago
  Certainly! When it comes to using the volume shelf on TradingView for cryptocurrency analysis, there are a few indicators and strategies that you can consider. 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 can indicate whether a cryptocurrency is overbought or oversold. As for strategies, you may want to consider using the volume shelf in conjunction with support and resistance levels to identify potential entry and exit points. Additionally, analyzing the volume profile can provide insights into the liquidity and trading activity of a cryptocurrency. Remember, it's important to combine these indicators and strategies with other technical analysis tools for a comprehensive analysis.
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• Dec 26, 2021 · 3 years ago
  Absolutely! When it comes to analyzing cryptocurrencies using the volume shelf on TradingView, there are a few indicators and strategies that can be helpful. One indicator to consider is the Bollinger Bands, which can help identify periods of high volatility and potential price breakouts. Another useful indicator is the Average True Range (ATR), which can provide insights into the average price range of a cryptocurrency. In terms of strategies, you might want to combine the volume shelf with candlestick patterns, such as the engulfing pattern or the doji, to identify potential trend reversals or continuation patterns. It's important to note that no indicator or strategy guarantees success in trading, so it's always recommended to conduct thorough analysis and consider multiple factors before making any trading decisions.
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• Dec 26, 2021 · 3 years ago
  Definitely! When it comes to analyzing cryptocurrencies using the volume shelf on TradingView, one specific indicator that can be useful is the On-Balance Volume (OBV). OBV takes into account the volume traded and can provide insights into the buying and selling pressure behind a cryptocurrency. By combining the volume shelf with OBV, you can identify potential accumulation or distribution zones. Another strategy to consider is the use of trendlines in conjunction with the volume shelf. Drawing trendlines on the price chart can help identify potential support or resistance levels, and when combined with the volume shelf, you can gauge the strength of these levels based on the trading volume. Remember, it's important to experiment with different indicators and strategies to find what works best for your trading style and risk tolerance.
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