Which indicators should I use when setting up alerts on TradingView for trading digital assets?

3 answers

• Dec 24, 2021 · 3 years ago
  When setting up alerts on TradingView for trading digital assets, it's important to consider using indicators that can help you identify potential trading opportunities. Some popular indicators that traders use include moving averages, relative strength index (RSI), MACD, and Bollinger Bands. These indicators can provide insights into market trends, momentum, and volatility, which are crucial for making informed trading decisions. Experiment with different indicators and find the ones that align with your trading strategy and goals. Remember to set appropriate alert parameters to avoid being overwhelmed with notifications.
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• Dec 24, 2021 · 3 years ago
  Setting up alerts on TradingView for trading digital assets can be a game-changer for staying on top of market movements. When choosing indicators for your alerts, consider using a combination of trend-following and momentum indicators. Trend-following indicators like moving averages can help you identify the overall direction of the market, while momentum indicators like RSI can indicate overbought or oversold conditions. Additionally, consider using volume-based indicators like on-balance volume (OBV) to gauge the strength of price movements. Remember, no single indicator can guarantee profitable trades, so it's important to use them in conjunction with other analysis techniques.
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• Dec 24, 2021 · 3 years ago
  When it comes to setting up alerts on TradingView for trading digital assets, BYDFi recommends using a combination of technical indicators to increase the accuracy of your alerts. Some indicators that you may find useful include the Ichimoku Cloud, Fibonacci retracement levels, and the Average True Range (ATR). The Ichimoku Cloud can provide insights into support and resistance levels, while Fibonacci retracement levels can help identify potential price reversal points. The ATR can give you an idea of the asset's volatility, which can be useful for setting appropriate alert thresholds. Remember to backtest your indicators and adjust your alert parameters based on historical data to ensure the effectiveness of your alerts.
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