Which supply and demand indicator on tradingview is considered the most accurate for analyzing cryptocurrency price movements?

3 answers

• Dec 17, 2021 · 3 years ago
  When it comes to analyzing cryptocurrency price movements using supply and demand indicators on TradingView, there are a few options that are considered reliable. One popular choice is the Volume Profile indicator. It displays the volume traded at each price level, allowing you to identify areas of high demand or supply. Another indicator worth considering is the Accumulation/Distribution line, which measures the buying and selling pressure in the market. Both of these indicators can provide valuable insights into the supply and demand dynamics of a cryptocurrency.
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• Dec 17, 2021 · 3 years ago
  If you're looking for a more advanced supply and demand indicator on TradingView, you might want to try the Market Profile indicator. It goes beyond just volume and displays the distribution of trading activity over specific price levels. This can help you identify areas of high liquidity and potential support or resistance zones. However, keep in mind that the accuracy of any indicator depends on various factors, including market conditions and the specific cryptocurrency you're analyzing. It's always a good idea to combine multiple indicators and use them in conjunction with other analysis techniques for a more comprehensive view.
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• Dec 17, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency trading platform, offers its own supply and demand indicator that is highly regarded by many traders. It provides real-time data on buying and selling pressure, allowing you to make informed trading decisions. The indicator is customizable and can be tailored to your specific trading strategy. However, it's important to note that the accuracy of any indicator ultimately depends on your own analysis and interpretation. It's always recommended to do your own research and consider multiple indicators before making any trading decisions.
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