Which indicators should I use in my crypto day trading excel spreadsheet?

3 answers

• Dec 16, 2021 · 3 years ago
  There are several indicators that can be useful for crypto day trading. Some popular ones include moving averages, relative strength index (RSI), and Bollinger Bands. Moving averages can help identify trends, while RSI can indicate overbought or oversold conditions. Bollinger Bands can show volatility and potential price breakouts. Implementing these indicators in an excel spreadsheet can be done by using formulas and charting tools. You can calculate moving averages using the AVERAGE function and plot them on a line chart. RSI can be calculated using the RSI formula and displayed on a separate chart. Bollinger Bands can be created using the STDEV function and displayed as bands on a line chart. By analyzing the data from these indicators, you can make more informed trading decisions.
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• Dec 16, 2021 · 3 years ago
  When it comes to indicators for crypto day trading, it's important to find the ones that work best for your trading style and preferences. Some traders prefer to use technical indicators like MACD, stochastic oscillator, or Fibonacci retracement levels. Others may rely more on fundamental indicators such as news events, market sentiment, or on-chain data. Experiment with different indicators and see which ones provide the most accurate signals for your trading strategy. Keep in mind that no indicator is foolproof, and it's important to consider multiple factors when making trading decisions. Additionally, don't forget to regularly review and update your indicators as market conditions change.
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• Dec 16, 2021 · 3 years ago
  BYDFi is a popular crypto trading platform that offers a wide range of indicators for day traders. Some of the indicators available on BYDFi include moving averages, MACD, RSI, and Bollinger Bands. These indicators can be easily integrated into an excel spreadsheet by exporting the data from BYDFi and using formulas and charting tools. BYDFi also provides tutorials and guides on how to effectively use these indicators in your day trading strategy. Remember to always do your own research and consider your risk tolerance before making any trading decisions.
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