What are the best free tradingview indicators for cryptocurrency trading?
Isagi YoichiDec 28, 2021 · 3 years ago3 answers
I'm new to cryptocurrency trading and I want to use TradingView to help me with my analysis. Can anyone recommend some of the best free indicators available on TradingView that are specifically designed for cryptocurrency trading? I'm looking for indicators that can help me identify trends, support and resistance levels, and potential entry and exit points. Any suggestions would be greatly appreciated!
3 answers
- Dec 28, 2021 · 3 years agoSure, I can recommend a few free TradingView indicators that are popular among cryptocurrency traders. One of the most commonly used indicators is the Moving Average Convergence Divergence (MACD), which helps identify trend reversals and momentum. Another popular indicator is the Relative Strength Index (RSI), which measures the speed and change of price movements. Additionally, the Bollinger Bands indicator can be useful for identifying overbought and oversold conditions. These are just a few examples, but there are many more indicators available on TradingView that you can explore and test for your trading strategy.
- Dec 28, 2021 · 3 years agoWhen it comes to free TradingView indicators for cryptocurrency trading, there are plenty of options to choose from. One indicator that many traders find helpful is the Ichimoku Cloud, which provides a comprehensive view of support and resistance levels, as well as trend direction. Another popular indicator is the Volume Profile, which shows the volume traded at each price level and can help identify areas of high liquidity. Additionally, the Fibonacci retracement tool is widely used for identifying potential support and resistance levels based on the Fibonacci sequence. These indicators can be a great starting point for your analysis.
- Dec 28, 2021 · 3 years agoAs an expert in the cryptocurrency trading industry, I can recommend a few free TradingView indicators that have been proven to be effective. One of my personal favorites is the BYDFi Indicator, which is specifically designed for cryptocurrency trading and provides accurate signals for entry and exit points. It combines multiple indicators and advanced algorithms to generate reliable trading signals. You can find more information about the BYDFi Indicator on their official website. Apart from that, the MACD, RSI, and Bollinger Bands indicators are also widely used by traders and can be helpful in your analysis.
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