Which supply and demand indicator on TradingView is most effective for trading cryptocurrencies?

3 answers

• May 07, 2022 · 3 years ago
  One of the most effective supply and demand indicators on TradingView for trading cryptocurrencies is the Volume Profile indicator. This indicator shows the volume traded at each price level, allowing you to identify areas of high demand (support) and high supply (resistance). By analyzing the volume profile, you can make more informed trading decisions and identify potential entry and exit points in the crypto market. Give it a try and see how it works for you!
  466

  233
• May 07, 2022 · 3 years ago
  When it comes to supply and demand indicators on TradingView for trading cryptocurrencies, I personally find the Accumulation/Distribution Line to be quite effective. This indicator takes into account both price and volume to determine the buying and selling pressure in the market. It can help you identify potential trend reversals and confirm the strength of a particular trend. Keep in mind that no indicator is foolproof, so it's always a good idea to use multiple indicators and combine them with your own analysis for better results. Happy trading!
  555

  185
• May 07, 2022 · 3 years ago
  Based on my experience at BYDFi, I've found that the Market Profile indicator on TradingView is highly effective for trading cryptocurrencies. This indicator provides valuable insights into the market structure by displaying the distribution of volume at different price levels. It can help you identify key support and resistance levels, as well as potential areas of accumulation and distribution. Remember to always consider other factors such as news events and market sentiment when making trading decisions. Good luck with your crypto trading journey!
  557

  140