How can I find the most accurate volume indicator for day trading digital currencies?

3 answers

• itsXrgonJan 31, 2021 · 5 years ago
  One of the most accurate volume indicators for day trading digital currencies is the On-Balance Volume (OBV) indicator. OBV takes into account the volume of trades and whether the price closed higher or lower than the previous day's close. It can help identify buying and selling pressure and can be used to confirm price trends. You can find OBV indicators on most trading platforms or by using technical analysis tools like TradingView. Just make sure to combine it with other indicators and analysis techniques for a comprehensive trading strategy.
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• mestrelanNov 22, 2023 · 2 years ago
  Finding the most accurate volume indicator for day trading digital currencies can be a bit challenging. There are many different indicators available, and what works for one trader may not work for another. It's important to experiment with different indicators and find the one that suits your trading style and preferences. Some popular volume indicators include the Money Flow Index (MFI), Chaikin Money Flow (CMF), and Volume Weighted Average Price (VWAP). Remember to backtest your strategies and analyze the results to determine the effectiveness of the volume indicator you choose.
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• Hessellund EgelundSep 26, 2021 · 4 years ago
  BYDFi is a popular digital currency exchange that offers a variety of trading tools and indicators, including volume indicators. They have a user-friendly interface and provide accurate and up-to-date volume data for day trading digital currencies. You can easily find the most accurate volume indicator on their platform and use it to enhance your trading strategies. However, it's always a good idea to combine multiple indicators and conduct thorough analysis before making any trading decisions. Remember to stay informed about market trends and news that may impact the volume and price movements of digital currencies.
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