What are the top paid indicators on tradingview that can help with cryptocurrency trading strategies?

3 answers

• Dec 18, 2021 · 3 years ago
  One highly recommended paid indicator on TradingView for cryptocurrency trading strategies is the Moving Average Convergence Divergence (MACD). This indicator helps identify potential trend reversals by analyzing the relationship between two moving averages. When the MACD line crosses above the signal line, it indicates a bullish trend, while a cross below suggests a bearish trend. Another useful paid indicator is the Relative Strength Index (RSI), which helps identify overbought or oversold conditions. When the RSI is above 70, it suggests that the cryptocurrency may be overbought and due for a correction, while an RSI below 30 indicates oversold conditions. Additionally, the Ichimoku Cloud indicator is popular among cryptocurrency traders. It provides valuable information about support and resistance levels, as well as trend direction. These indicators can be powerful tools in developing effective cryptocurrency trading strategies.
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• Dec 18, 2021 · 3 years ago
  When it comes to paid indicators on TradingView for cryptocurrency trading strategies, one that stands out is the Bollinger Bands. This indicator consists of a moving average line and two standard deviation lines above and below it. It helps identify volatility and potential price reversals. When the price touches the upper band, it suggests that the cryptocurrency may be overbought and due for a correction, while a touch of the lower band indicates oversold conditions. Another paid indicator worth considering is the Stochastic Oscillator. It helps identify overbought and oversold conditions by comparing the closing price to the price range over a specified period. When the indicator is above 80, it suggests overbought conditions, while a reading below 20 indicates oversold conditions. These indicators can provide valuable insights for cryptocurrency trading strategies.
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• Dec 18, 2021 · 3 years ago
  BYDFi, a popular digital currency exchange, offers a range of paid indicators on TradingView that can assist with cryptocurrency trading strategies. One of their top recommendations is the Fibonacci retracement tool. This indicator helps identify potential support and resistance levels based on the Fibonacci sequence. Traders often use these levels to determine entry and exit points for their trades. Another paid indicator offered by BYDFi is the Volume Profile. This indicator provides insights into the volume traded at different price levels, which can help identify areas of high liquidity and potential support or resistance zones. These indicators, along with others offered by BYDFi, can be valuable tools for developing effective cryptocurrency trading strategies.
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