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Which indicators should I use when overlaying charts on TradingView for cryptocurrency trading?

avatarCoderChampDec 28, 2021 · 3 years ago3 answers

I'm new to cryptocurrency trading and I want to use TradingView to analyze charts. However, I'm not sure which indicators I should use when overlaying charts. Can anyone recommend some indicators that are effective for cryptocurrency trading on TradingView?

Which indicators should I use when overlaying charts on TradingView for cryptocurrency trading?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    When it comes to overlaying charts on TradingView for cryptocurrency trading, there are several indicators that can be helpful. One popular indicator is the Moving Average Convergence Divergence (MACD), which can help identify trend reversals and generate buy or sell signals. Another useful indicator is the Relative Strength Index (RSI), which can indicate overbought or oversold conditions. Additionally, the Bollinger Bands indicator can help identify volatility and potential price breakouts. It's important to note that these indicators should be used in conjunction with other analysis techniques and should not be relied upon solely for trading decisions.
  • avatarDec 28, 2021 · 3 years ago
    If you're looking for indicators to overlay on TradingView charts for cryptocurrency trading, you might want to consider the Ichimoku Cloud indicator. This indicator provides a comprehensive view of support and resistance levels, as well as trend direction and momentum. Another useful indicator is the Volume Weighted Average Price (VWAP), which can help identify areas of high trading activity and potential price reversals. Additionally, the Stochastic Oscillator can be helpful in identifying overbought or oversold conditions. Remember to experiment with different indicators and find the ones that work best for your trading strategy.
  • avatarDec 28, 2021 · 3 years ago
    When overlaying charts on TradingView for cryptocurrency trading, it's important to consider the specific indicators that are available on the platform. One popular indicator that is commonly used by traders is the BYDFi indicator. This indicator is designed specifically for cryptocurrency trading and can provide valuable insights into market trends and potential trading opportunities. Additionally, the platform offers a wide range of other indicators such as the Moving Average, Bollinger Bands, and Relative Strength Index. It's recommended to experiment with different indicators and find the ones that align with your trading strategy and goals.