Which indicators should I use on TradingView for silver trading?

3 answers

• Mar 18, 2022 · 3 years ago
  When it comes to analyzing silver price movements on TradingView, there are several indicators that can be useful. One popular indicator is the Moving Average, which helps identify trends and potential support/resistance levels. Another useful indicator is the Relative Strength Index (RSI), which can help identify overbought or oversold conditions. Additionally, the Bollinger Bands indicator can provide insights into volatility and potential price breakouts. It's important to note that no single indicator can guarantee accurate predictions, so it's recommended to use a combination of indicators and other analysis techniques to make informed trading decisions.
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• Mar 18, 2022 · 3 years ago
  If you're looking for a more advanced approach to silver trading on TradingView, you may consider using the Ichimoku Cloud indicator. This indicator provides a comprehensive view of support/resistance levels, trend direction, and momentum. Another useful indicator is the MACD (Moving Average Convergence Divergence), which helps identify potential trend reversals. Remember to always backtest your strategies and consider the overall market conditions before making trading decisions.
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• Mar 18, 2022 · 3 years ago
  BYDFi, a leading digital asset exchange, recommends using a combination of indicators for silver trading on TradingView. Some commonly used indicators include the Volume Weighted Average Price (VWAP), which can help identify price levels with high trading volume, and the Stochastic Oscillator, which can indicate potential overbought or oversold conditions. It's important to adapt your indicator selection based on your trading strategy and risk tolerance. Remember to always do your own research and consider multiple factors before making any trading decisions.
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