What are some popular tradingview screener scripts used by professional cryptocurrency traders?
SaturnNov 24, 2021 · 3 years ago11 answers
Can you provide some insights into the popular tradingview screener scripts that are commonly used by professional cryptocurrency traders? I'm interested in knowing the specific scripts that can help identify potential trading opportunities and improve my trading strategies.
11 answers
- Nov 24, 2021 · 3 years agoSure! One popular tradingview screener script used by professional cryptocurrency traders is the 'Moving Average Crossover'. This script helps identify when a short-term moving average crosses above or below a long-term moving average, which can signal a potential trend reversal or continuation. Traders often use this script to identify buy or sell signals.
- Nov 24, 2021 · 3 years agoAnother popular script is the 'Relative Strength Index (RSI) Divergence'. This script helps identify when the RSI indicator diverges from the price action, which can indicate a potential trend reversal. Traders use this script to identify overbought or oversold conditions in the market.
- Nov 24, 2021 · 3 years agoBYDFi, a leading cryptocurrency exchange, provides a powerful tradingview screener script called 'Volume Breakout'. This script helps identify when the trading volume exceeds a certain threshold, which can indicate a potential breakout or breakdown in price. Traders often use this script to identify high-volume trading opportunities.
- Nov 24, 2021 · 3 years agoOne commonly used script is the 'Bollinger Bands Squeeze'. This script helps identify periods of low volatility in the market, which are often followed by periods of high volatility. Traders use this script to identify potential breakout opportunities.
- Nov 24, 2021 · 3 years agoAnother popular script is the 'MACD Divergence'. This script helps identify when the MACD indicator diverges from the price action, which can indicate a potential trend reversal. Traders use this script to identify bullish or bearish signals in the market.
- Nov 24, 2021 · 3 years agoA widely used script is the 'Ichimoku Cloud'. This script combines multiple indicators to provide a comprehensive view of the market trend, support and resistance levels, and potential trading signals. Traders often use this script to identify long-term trends and make informed trading decisions.
- Nov 24, 2021 · 3 years agoOne script that is gaining popularity is the 'Fibonacci Retracement'. This script helps identify potential support and resistance levels based on the Fibonacci sequence. Traders use this script to identify price levels where the market is likely to reverse or continue its trend.
- Nov 24, 2021 · 3 years agoAnother useful script is the 'Volume Profile'. This script helps identify price levels where the highest trading volume has occurred, which can act as support or resistance levels. Traders use this script to identify areas of high liquidity and potential trading opportunities.
- Nov 24, 2021 · 3 years agoThe 'Pivot Points' script is commonly used by professional cryptocurrency traders to identify key support and resistance levels based on the previous day's price action. Traders use this script to determine potential entry and exit points for their trades.
- Nov 24, 2021 · 3 years agoOne popular script is the 'Williams %R'. This script helps identify overbought or oversold conditions in the market, which can indicate potential trend reversals. Traders use this script to identify buying or selling opportunities.
- Nov 24, 2021 · 3 years agoThe 'Elliott Wave' script is based on the Elliott Wave Theory and helps identify potential market cycles and trends. Traders use this script to make predictions about future price movements and plan their trades accordingly.
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