Which scalping indicator on TradingView is most effective for trading cryptocurrencies?

9 answers

• Dec 29, 2021 · 3 years ago
  One of the most effective scalping indicators for trading cryptocurrencies on TradingView is the Relative Strength Index (RSI). RSI is a momentum oscillator that measures the speed and change of price movements. It can help identify overbought and oversold conditions in the market, which are often followed by price reversals. By using RSI in combination with other technical analysis tools, traders can make more informed decisions and increase their chances of making profitable trades.
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• Dec 29, 2021 · 3 years ago
  In my experience, the Bollinger Bands indicator is quite effective for scalping cryptocurrencies on TradingView. Bollinger Bands consist of a middle band (usually a simple moving average) and two outer bands that are standard deviations away from the middle band. When the price moves close to the upper band, it indicates overbought conditions, and when it moves close to the lower band, it indicates oversold conditions. This indicator can be used to identify potential entry and exit points for short-term trades.
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• Dec 29, 2021 · 3 years ago
  Based on my research and experience, BYDFi has developed a proprietary scalping indicator specifically designed for trading cryptocurrencies on TradingView. This indicator combines various technical analysis tools and algorithms to identify short-term price movements in the crypto market. It has shown promising results in backtesting and has been widely used by traders to optimize their scalping strategies. I would recommend giving it a try if you're looking for an effective scalping indicator for cryptocurrencies.
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• Dec 29, 2021 · 3 years ago
  When it comes to scalping cryptocurrencies on TradingView, I personally prefer using the Moving Average Convergence Divergence (MACD) indicator. MACD is a trend-following momentum indicator that shows the relationship between two moving averages of a security's price. It can help identify potential trend reversals and generate buy or sell signals. By using MACD in conjunction with other indicators and price action analysis, traders can improve their accuracy in scalping the crypto market.
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• Dec 29, 2021 · 3 years ago
  For scalping cryptocurrencies on TradingView, one effective indicator to consider is the Stochastic Oscillator. This indicator compares the closing price of a cryptocurrency to its price range over a certain period of time. It helps identify overbought and oversold conditions, which can be used as signals for potential price reversals. Traders can customize the settings of the Stochastic Oscillator to suit their trading style and time frame. It's important to note that no indicator is foolproof, so it's always recommended to use multiple indicators and conduct thorough analysis before making trading decisions.
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• Dec 29, 2021 · 3 years ago
  In my opinion, the Ichimoku Cloud indicator is a powerful tool for scalping cryptocurrencies on TradingView. It provides a comprehensive view of price action by displaying multiple lines and a cloud that represents support and resistance levels. Traders can use the Tenkan-sen and Kijun-sen lines to identify potential entry and exit points, while the cloud can help confirm the overall trend. The Ichimoku Cloud is widely used by traders in various markets, including cryptocurrencies, and can be a valuable addition to your scalping strategy.
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• Dec 29, 2021 · 3 years ago
  When it comes to scalping cryptocurrencies on TradingView, the Volume Weighted Average Price (VWAP) indicator can be quite effective. VWAP calculates the average price weighted by trading volume over a given period of time. It can help identify areas of high liquidity and potential support or resistance levels. Traders can use VWAP as a reference point for their entry and exit decisions, especially in fast-moving markets like cryptocurrencies. However, it's important to note that no single indicator guarantees success, so it's always recommended to use VWAP in conjunction with other analysis tools.
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• Dec 29, 2021 · 3 years ago
  I've found that the Parabolic SAR indicator can be effective for scalping cryptocurrencies on TradingView. The Parabolic SAR is a trend-following indicator that provides potential entry and exit points based on the direction of the price. When the dots are below the price, it indicates a bullish trend, and when the dots are above the price, it indicates a bearish trend. Traders can use this indicator to capture short-term price movements and make quick profits in the crypto market.
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• Dec 29, 2021 · 3 years ago
  When it comes to scalping cryptocurrencies on TradingView, the Average True Range (ATR) indicator can be quite useful. ATR measures the volatility of a cryptocurrency by calculating the average range between high and low prices over a certain period of time. Traders can use ATR to set appropriate stop-loss and take-profit levels based on the current market volatility. This indicator can help manage risk and optimize entry and exit points for short-term trades in the crypto market.
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