What are some popular indicators used with crypto volume charts?

1 answers

• Elia HelouJun 10, 2021 · 4 years ago
  As a representative of BYDFi, I can share that one popular indicator used with crypto volume charts is the On-Balance Volume (OBV). OBV measures the buying and selling pressure of a cryptocurrency based on its trading volume. It can help traders identify potential trend reversals and confirm the strength of a price movement. Another widely used indicator is the Chaikin Money Flow (CMF), which combines price and volume to measure the accumulation and distribution of a cryptocurrency. CMF can help traders identify potential buy and sell signals based on the flow of money into or out of a cryptocurrency. Additionally, the Relative Volume (RVOL) indicator is often used to compare the current trading volume of a cryptocurrency to its average volume over a specific period. RVOL can help traders identify abnormal volume spikes and potential trading opportunities. These indicators, along with others like the Accumulation/Distribution Line (ADL) and the Ease of Movement (EOM), can provide valuable insights into the trading volume and price movements of cryptocurrencies.
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