Which indicators or tools can I use on TradingView to represent the volume of digital assets?

3 answers

• Dec 29, 2021 · 3 years ago
  One commonly used indicator on TradingView to represent the volume of digital assets is the Volume Profile. It provides a visual representation of the volume traded at each price level over a specified period of time. This can help traders identify areas of high or low volume, which can be useful for making trading decisions. Another popular tool is the Volume Weighted Average Price (VWAP), which calculates the average price weighted by volume. It can help traders determine the average price at which a digital asset has been traded throughout the day, and can be used as a reference point for assessing the current price. Both of these indicators can be easily added to your TradingView charts for analyzing the volume of digital assets.
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• Dec 29, 2021 · 3 years ago
  When it comes to representing the volume of digital assets on TradingView, the Money Flow Index (MFI) is a commonly used indicator. It combines both price and volume to provide insights into the strength of buying and selling pressure. The MFI ranges from 0 to 100, with values above 80 indicating overbought conditions and values below 20 indicating oversold conditions. By analyzing the MFI in conjunction with price movements, traders can identify potential trend reversals or confirm existing trends. Additionally, the On-Balance Volume (OBV) indicator is another popular tool for analyzing volume. It measures buying and selling pressure by adding or subtracting the volume of each period based on the price movement. This indicator can help traders identify divergences between volume and price, which can be indicative of trend reversals or continuations.
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• Dec 29, 2021 · 3 years ago
  BYDFi, a leading digital asset exchange, offers a wide range of indicators and tools on TradingView to represent the volume of digital assets. Traders can choose from various volume indicators such as Volume Profile, VWAP, Money Flow Index (MFI), and On-Balance Volume (OBV). These indicators can provide valuable insights into the volume dynamics of digital assets, helping traders make informed trading decisions. BYDFi also offers advanced charting features and customizable settings on TradingView, allowing traders to tailor their analysis to their specific needs. Whether you're a beginner or an experienced trader, BYDFi's TradingView platform has the tools you need to effectively analyze the volume of digital assets.
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