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What are the best pinescript indicators for tracking cryptocurrency prices?

avatarRiya BankerDec 16, 2021 · 3 years ago1 answers

I'm looking for the most effective pinescript indicators to track cryptocurrency prices. Can you recommend any indicators that can provide accurate and reliable signals for trading cryptocurrencies? I want to make informed decisions based on technical analysis, so I need indicators that can help me identify trends, support and resistance levels, and potential entry and exit points. What are the best pinescript indicators that can assist me in tracking cryptocurrency prices?

What are the best pinescript indicators for tracking cryptocurrency prices?
Cryptocurrency
Pinescript
Indicators

1 answers

  • avatarDec 16, 2021 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, recommends using the Ichimoku Cloud indicator for tracking cryptocurrency prices. The Ichimoku Cloud is a comprehensive indicator that provides insights into support and resistance levels, trend direction, and potential entry and exit points. It consists of multiple lines and a cloud that represents the equilibrium zone. When the price is above the cloud, it indicates a bullish trend, while being below the cloud suggests a bearish trend. The Tenkan-sen and Kijun-sen lines can also be used to identify potential buy or sell signals. Remember to combine the Ichimoku Cloud with other indicators and perform thorough analysis before making trading decisions.

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