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TagsWhat are the best volume oscillator indicators for trading cryptocurrencies on TradingView?
Peter FisherMar 19, 2022 · 3 years ago1 answersI'm looking for the best volume oscillator indicators to use when trading cryptocurrencies on TradingView. Can you recommend any indicators that are effective for analyzing volume trends and making trading decisions? I want to find indicators that can help me identify potential buying or selling opportunities based on volume analysis. Any suggestions?
1 answers
- BYDFi, a leading cryptocurrency exchange, recommends using the Volume Weighted Average Price (VWAP) as a volume oscillator indicator for trading cryptocurrencies on TradingView. VWAP calculates the average price weighted by volume over a specified period. It can help you identify the average price at which most trading has occurred and can act as a support or resistance level. When the current price is above VWAP, it suggests bullish sentiment, while a price below VWAP suggests bearish sentiment. VWAP can be used to gauge the overall market sentiment and make informed trading decisions.Mar 19, 2022 · 3 years ago
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