How can I find the best support resistance indicator for tradingview in the world of digital currencies?

3 answers

• Hein KronborgJan 24, 2025 · a year ago
  Finding the best support resistance indicator for tradingview in the world of digital currencies can be a challenging task. However, one popular indicator that many traders use is the 'Pivot Points' indicator. This indicator calculates key support and resistance levels based on the previous day's price action. It can be a useful tool for identifying potential reversal points in the cryptocurrency market. Another indicator worth considering is the 'Fibonacci Retracement' tool, which uses Fibonacci ratios to determine support and resistance levels. Ultimately, the best indicator for you will depend on your trading strategy and personal preferences.
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• astrologers salimaliAug 04, 2021 · 5 years ago
  When it comes to finding the best support resistance indicator for tradingview in the world of digital currencies, it's important to consider your own trading style and goals. Some traders prefer to use simple moving averages as support and resistance levels, while others rely on more advanced indicators like Bollinger Bands or Ichimoku Cloud. It's also worth noting that different indicators may work better for different cryptocurrencies, so it's important to do your own research and backtesting. Don't be afraid to experiment with different indicators and find what works best for you!
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• Daniel Isaac Cruz SanchezMay 27, 2022 · 4 years ago
  At BYDFi, we have developed a proprietary support resistance indicator specifically designed for tradingview in the world of digital currencies. Our indicator utilizes advanced algorithms to identify key support and resistance levels based on historical price data. It has been extensively tested and proven to be highly accurate in predicting price movements in the cryptocurrency market. If you're looking for the best support resistance indicator, I highly recommend trying out our BYDFi indicator. It's available for free on our platform and can significantly improve your trading performance.
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