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Which indicators should I use for the best crypto trading strategy on TradingView?

avatarnot_so_coderDec 27, 2021 · 3 years ago3 answers

I'm new to crypto trading and I want to develop the best trading strategy on TradingView. Can you recommend which indicators I should use to maximize my profits and minimize risks?

Which indicators should I use for the best crypto trading strategy on TradingView?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    To develop the best crypto trading strategy on TradingView, it's important to use a combination of indicators that can help you make informed decisions. Some popular indicators to consider are moving averages, relative strength index (RSI), Bollinger Bands, and MACD. These indicators can provide insights into price trends, overbought or oversold conditions, and potential reversals. However, it's important to note that no single indicator can guarantee success in trading. It's recommended to use a combination of indicators and also consider other factors such as market sentiment and news events to make well-rounded trading decisions.
  • avatarDec 27, 2021 · 3 years ago
    When it comes to crypto trading on TradingView, there are a plethora of indicators to choose from. Some traders swear by the simplicity of moving averages, while others prefer the complexity of oscillators like the RSI. Ultimately, the best indicators for your trading strategy will depend on your personal preferences, risk tolerance, and trading style. It's important to experiment with different indicators and find the ones that work best for you. Remember, there is no one-size-fits-all approach to trading, so don't be afraid to think outside the box and try new strategies.
  • avatarDec 27, 2021 · 3 years ago
    When it comes to crypto trading, there is no shortage of indicators to choose from on TradingView. However, it's important to remember that indicators are just tools and should not be relied upon solely for making trading decisions. It's crucial to understand the fundamentals of technical analysis and how different indicators work together. As for specific indicators, it really depends on your trading style and goals. Some popular indicators among traders include the moving average convergence divergence (MACD), the stochastic oscillator, and the Ichimoku Cloud. Ultimately, the best indicators for your trading strategy will depend on your individual preferences and risk tolerance. Remember to always do your own research and never blindly follow any indicator or strategy.