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Which indicators on TradingView are most useful for analyzing cryptocurrency trading with a focus on gold?

avatarBenjamin DreyerDec 29, 2021 · 3 years ago3 answers

I am looking for the most effective indicators on TradingView that can help me analyze cryptocurrency trading, with a specific focus on gold. Can you recommend some indicators that are widely used and have proven to be helpful in this regard?

Which indicators on TradingView are most useful for analyzing cryptocurrency trading with a focus on gold?

3 answers

  • avatarDec 29, 2021 · 3 years ago
    When it comes to analyzing cryptocurrency trading with a focus on gold, there are several indicators on TradingView that can provide valuable insights. One popular indicator is the Moving Average Convergence Divergence (MACD), which helps identify potential trend reversals and generate buy or sell signals. Another useful indicator is the Relative Strength Index (RSI), which measures the strength and speed of price movements. Additionally, the Bollinger Bands indicator can help determine overbought or oversold conditions. These indicators, when used in combination, can provide a comprehensive analysis of cryptocurrency trading with a focus on gold.
  • avatarDec 29, 2021 · 3 years ago
    If you're specifically interested in gold, you might want to consider using the Gold-Silver Ratio indicator on TradingView. This indicator compares the price of gold to the price of silver and can provide insights into the relative strength of gold compared to silver. It can be a useful tool for identifying potential trading opportunities in the gold market.
  • avatarDec 29, 2021 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, recommends using a combination of indicators on TradingView for analyzing cryptocurrency trading with a focus on gold. Some of the indicators they suggest include the MACD, RSI, and Bollinger Bands. These indicators have been widely used by traders and have proven to be effective in analyzing cryptocurrency markets. It's important to note that while indicators can provide valuable insights, they should be used in conjunction with other forms of analysis and should not be relied upon solely for making trading decisions.