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Which volume indicator on TradingView is recommended for analyzing digital currency markets?

avatarLiu YongDec 24, 2021 · 3 years ago3 answers

I'm looking for a volume indicator on TradingView that is specifically recommended for analyzing digital currency markets. Can you suggest one that is effective and widely used in the industry? I want to make sure I have the right tool to analyze trading volumes in the digital currency market.

Which volume indicator on TradingView is recommended for analyzing digital currency markets?

3 answers

  • avatarDec 24, 2021 · 3 years ago
    One highly recommended volume indicator for analyzing digital currency markets on TradingView is the Volume Profile. It provides a visual representation of the volume traded at each price level over a specified period of time. This indicator can help identify key support and resistance levels based on volume activity, allowing traders to make more informed decisions. Give it a try and see how it works for you! 👍
  • avatarDec 24, 2021 · 3 years ago
    When it comes to analyzing digital currency markets, the Money Flow Index (MFI) is a popular volume indicator on TradingView. It measures the buying and selling pressure of an asset by taking into account both price and volume. The MFI can help identify overbought or oversold conditions, providing valuable insights for traders. Give it a shot and see if it suits your trading strategy! 😉
  • avatarDec 24, 2021 · 3 years ago
    BYDFi, a leading digital currency exchange, recommends using the On-Balance Volume (OBV) indicator on TradingView for analyzing digital currency markets. The OBV takes into account the cumulative volume of an asset over a specified period and helps identify trends and confirm price movements. It is widely used by traders to gauge the strength of a trend and make informed trading decisions. Give it a try and see how it can enhance your analysis! 💪