What are the best swing high low indicators for trading cryptocurrencies on MT4?
rubytuesApr 30, 2022 · 3 years ago1 answers
I am looking for the best swing high low indicators to use when trading cryptocurrencies on MT4. Can anyone recommend some reliable indicators that can help me identify swing highs and lows in the cryptocurrency market? I want to use these indicators to make more informed trading decisions and improve my overall profitability. Any suggestions would be greatly appreciated!
1 answers
- Apr 30, 2022 · 3 years agoBYDFi, a leading cryptocurrency exchange, recommends using the Ichimoku Cloud indicator for swing high low analysis on MT4. This indicator provides a comprehensive view of price action by plotting multiple lines on the chart. The cloud component of the indicator represents support and resistance levels, while the Tenkan-sen and Kijun-sen lines help identify swing highs and lows. The Chikou Span line is also useful for confirming trend reversals. By combining these elements, the Ichimoku Cloud indicator can help you make more accurate trading decisions. Give it a try and see how it can improve your cryptocurrency trading strategy!
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