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What are the best indicators to use on TradingView for ADA trading?

avatarMehmet ŞensoyDec 24, 2021 · 3 years ago3 answers

I am new to ADA trading and I want to know which indicators are the most effective to use on TradingView. Can you recommend the best indicators for ADA trading on TradingView? I want to make informed decisions and improve my trading strategy.

What are the best indicators to use on TradingView for ADA trading?

3 answers

  • avatarDec 24, 2021 · 3 years ago
    One of the best indicators to use for ADA trading on TradingView is the Moving Average Convergence Divergence (MACD). It helps identify potential trend reversals and provides buy or sell signals. Another useful indicator is the Relative Strength Index (RSI), which measures the strength and speed of a price movement. Additionally, the Bollinger Bands indicator can be helpful in determining overbought and oversold conditions. Remember to use these indicators in conjunction with other analysis tools for a comprehensive trading strategy.
  • avatarDec 24, 2021 · 3 years ago
    When it comes to ADA trading on TradingView, the best indicators to use may vary depending on your trading style and preferences. Some traders find success with the Ichimoku Cloud indicator, which provides insights into support and resistance levels, as well as trend direction. Others prefer the Volume Profile indicator to analyze trading volume at different price levels. Experiment with different indicators and find the ones that work best for you and your trading goals.
  • avatarDec 24, 2021 · 3 years ago
    As an expert at BYDFi, I recommend using the Fibonacci retracement tool on TradingView for ADA trading. This tool helps identify potential levels of support and resistance based on Fibonacci ratios. Additionally, the Stochastic Oscillator can be useful in identifying overbought and oversold conditions. Remember to combine these indicators with proper risk management and fundamental analysis for successful ADA trading on TradingView.