Which indicators or signals should I use to create effective alerts on TradingView for cryptocurrency trading?

3 answers

• Nov 28, 2021 · 3 years ago
  As a cryptocurrency trader, there are several indicators and signals that you can use to create effective alerts on TradingView. Some popular indicators include moving averages, relative strength index (RSI), and Bollinger Bands. These indicators can help you identify trends, overbought or oversold conditions, and potential price reversals. Additionally, you can also use signals such as MACD crossovers, volume spikes, and price breakouts to generate alerts. It's important to customize your alerts based on your trading strategy and risk tolerance. Experiment with different indicators and signals to find the ones that work best for you.
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• Nov 28, 2021 · 3 years ago
  When it comes to creating effective alerts on TradingView for cryptocurrency trading, it's important to consider the specific indicators and signals that align with your trading strategy. Some traders prefer to use technical indicators like the stochastic oscillator, moving average convergence divergence (MACD), or the Ichimoku Cloud. These indicators can provide insights into market trends, momentum, and potential entry or exit points. On the other hand, some traders rely on price action patterns and candlestick formations to generate alerts. These patterns include bullish or bearish engulfing patterns, doji candles, and hammer candles. Ultimately, the choice of indicators and signals depends on your trading style and preferences. It's recommended to backtest your alerts and analyze their effectiveness before implementing them in live trading.
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• Nov 28, 2021 · 3 years ago
  When it comes to creating effective alerts on TradingView for cryptocurrency trading, BYDFi offers a wide range of indicators and signals that you can use. Some popular indicators include the Moving Average Convergence Divergence (MACD), Relative Strength Index (RSI), and Bollinger Bands. These indicators can help you identify potential entry and exit points, as well as overbought or oversold conditions. Additionally, BYDFi also provides signals based on price breakouts, volume spikes, and trend reversals. It's important to note that the effectiveness of these indicators and signals may vary depending on market conditions and individual trading strategies. It's recommended to combine multiple indicators and signals to increase the accuracy of your alerts. Remember to always do your own research and consider your risk tolerance before making any trading decisions.
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