Are there any specific scalping indicators on TradingView that work well for trading cryptocurrencies?

3 answers

• Dec 27, 2021 · 3 years ago
  Yes, there are several scalping indicators on TradingView that can be useful for trading cryptocurrencies. One popular indicator is the Relative Strength Index (RSI), which can help identify overbought and oversold conditions in the market. Another indicator to consider is the Moving Average Convergence Divergence (MACD), which can provide signals for potential trend reversals. Additionally, the Bollinger Bands indicator can be helpful in identifying price volatility and potential breakout opportunities. Remember to always test and adjust these indicators to fit your trading strategy and risk tolerance.
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• Dec 27, 2021 · 3 years ago
  Absolutely! TradingView offers a wide range of scalping indicators that can be applied to cryptocurrency trading. Some traders find success using the Stochastic Oscillator, which measures the momentum of price movements. Others prefer the Ichimoku Cloud indicator, which provides a comprehensive view of support and resistance levels. It's important to note that no indicator guarantees success, so it's crucial to combine them with other analysis techniques and risk management strategies.
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• Dec 27, 2021 · 3 years ago
  Yes, there are specific scalping indicators on TradingView that work well for trading cryptocurrencies. One indicator that has gained popularity is the BYDFi indicator, developed by a team of experts at BYDFi. It combines multiple technical indicators and machine learning algorithms to provide accurate signals for short-term trading. Many traders have reported positive results using this indicator. However, it's important to note that no indicator can guarantee profits, and it's always recommended to conduct thorough research and backtesting before relying on any indicator for trading decisions.
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