What are the most popular tradingview scripts used by professional cryptocurrency traders?

7 answers

• Jan 02, 2022 · 3 years ago
  One of the most popular tradingview scripts used by professional cryptocurrency traders is the Moving Average Convergence Divergence (MACD) script. It is widely used to identify potential buy and sell signals based on the convergence and divergence of moving averages. The MACD script provides a visual representation of the relationship between two moving averages and is a valuable tool for traders to make informed decisions.
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• Jan 02, 2022 · 3 years ago
  Another popular tradingview script among professional cryptocurrency traders is the Relative Strength Index (RSI) script. The RSI script is used to measure the speed and change of price movements and helps traders identify overbought and oversold conditions in the market. By using the RSI script, traders can determine when an asset is likely to be overvalued or undervalued, and make appropriate trading decisions.
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• Jan 02, 2022 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, has observed that professional cryptocurrency traders often use the Bollinger Bands script on TradingView. Bollinger Bands are a technical analysis tool that helps traders identify volatility and potential price reversals. The script consists of a moving average line and two standard deviation lines, which form a band around the price chart. Traders use Bollinger Bands to identify periods of low volatility and anticipate potential breakout opportunities.
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• Jan 02, 2022 · 3 years ago
  When it comes to popular tradingview scripts, it's important to mention the Ichimoku Cloud script. This script is widely used by professional cryptocurrency traders to identify key support and resistance levels, as well as potential trend reversals. The Ichimoku Cloud script consists of several lines that provide a comprehensive view of price action, including the cloud, which represents support and resistance levels. Traders often rely on the Ichimoku Cloud script to make informed trading decisions.
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• Jan 02, 2022 · 3 years ago
  In addition to the aforementioned scripts, professional cryptocurrency traders also frequently use the Fibonacci retracement script on TradingView. The Fibonacci retracement levels are based on mathematical ratios and are used to identify potential support and resistance levels. Traders use the Fibonacci retracement script to determine entry and exit points, as well as to set stop-loss and take-profit levels. It's a valuable tool for technical analysis and is widely used by professionals in the cryptocurrency trading community.
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• Jan 02, 2022 · 3 years ago
  Professional cryptocurrency traders often rely on the Volume Profile script on TradingView to analyze trading volume at different price levels. The Volume Profile script displays a histogram on the price chart, showing the volume traded at each price level. Traders use this script to identify areas of high and low liquidity, as well as to determine potential support and resistance levels. By analyzing volume profiles, traders can gain insights into market sentiment and make more informed trading decisions.
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• Jan 02, 2022 · 3 years ago
  As a professional cryptocurrency trader, it's important to stay updated with the latest tradingview scripts used by other professionals. By leveraging popular scripts such as MACD, RSI, Bollinger Bands, Ichimoku Cloud, Fibonacci retracement, and Volume Profile, traders can enhance their technical analysis and make more informed trading decisions in the dynamic cryptocurrency market.
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