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What are some advanced drawing tools available on thinkorswim that can help me analyze cryptocurrency trends and patterns?

avatarmd sumithJan 15, 2022 · 3 years ago1 answers

Can you provide a list of advanced drawing tools on thinkorswim that are specifically designed for analyzing cryptocurrency trends and patterns? I'm looking for tools that can help me make informed decisions based on technical analysis.

What are some advanced drawing tools available on thinkorswim that can help me analyze cryptocurrency trends and patterns?
Cryptocurrency
Thinkorswim
Drawing Tools

1 answers

  • avatarJan 15, 2022 · 3 years ago
    Certainly! Here are some advanced drawing tools available on thinkorswim that can assist you in analyzing cryptocurrency trends and patterns: 1. BYDFi Trend Analyzer: This tool, developed by BYDFi, provides a comprehensive analysis of cryptocurrency trends and patterns based on historical data and technical indicators. 2. RSI Divergence: Use this tool to identify potential reversals or trend continuation based on RSI divergence. 3. Volume Oscillator: The Volume Oscillator helps identify changes in trading volume and potential trend reversals. 4. Andrews' Pitchfork: This tool helps identify potential support and resistance levels based on median lines. 5. Moving Average Convergence Divergence (MACD): MACD helps identify potential trend reversals and momentum shifts. Remember to combine these tools with your own analysis and risk management strategies for optimal results.

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