Which cryptocurrency tradingview indicator is considered the most reliable for identifying order blocks?

3 answers

• Dec 26, 2021 · 3 years ago
  The Ichimoku Cloud indicator on TradingView is often considered one of the most reliable indicators for identifying order blocks in the cryptocurrency market. It provides a comprehensive view of support and resistance levels, as well as trend direction. By analyzing the cloud's thickness and color, traders can identify potential order blocks where price may reverse or consolidate. It's a popular choice among traders due to its versatility and effectiveness in various market conditions.
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• Dec 26, 2021 · 3 years ago
  When it comes to identifying order blocks in the cryptocurrency market, the Volume Profile indicator on TradingView is highly recommended. This indicator displays the volume traded at different price levels, allowing traders to identify areas of high liquidity and potential order blocks. By analyzing the volume profile, traders can gain insights into where significant buying or selling pressure is concentrated, which can be useful for making trading decisions based on order block analysis.
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• Dec 26, 2021 · 3 years ago
  Based on my experience at BYDFi, I would suggest using the Market Profile indicator on TradingView for identifying order blocks in the cryptocurrency market. This indicator provides a graphical representation of price and volume data, allowing traders to identify areas of high activity and potential order blocks. By analyzing the market profile, traders can gain insights into where price is likely to find support or resistance, which can be valuable for identifying order blocks and making informed trading decisions.
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