How can I use the volume by price tool on TradingView to analyze the trading activity of a specific cryptocurrency?

3 answers

• BistabileKippstufeAug 01, 2021 · 4 years ago
  Sure! To use the volume by price tool on TradingView, follow these steps: 1. Open TradingView and select the cryptocurrency you want to analyze. 2. Click on the 'Indicators' button at the top of the chart. 3. In the search bar, type 'Volume by Price' and select the indicator from the list. 4. The volume by price tool will appear on the chart, showing the volume distribution at different price levels. 5. You can customize the settings of the tool, such as the price range and aggregation period. 6. Pay attention to the volume profile, which shows the areas of high and low trading activity. 7. Look for areas of high volume concentration, as they can indicate strong support or resistance levels. By analyzing the trading activity using the volume by price tool, you can gain insights into the market sentiment and identify potential trading opportunities.
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• Kumar NJan 23, 2022 · 4 years ago
  Using the volume by price tool on TradingView is a great way to analyze the trading activity of a specific cryptocurrency. Here's a simple guide to get you started: 1. Select the cryptocurrency you want to analyze on TradingView. 2. Go to the 'Indicators' section and search for 'Volume by Price'. 3. Add the indicator to your chart. 4. The volume by price tool will display a histogram that represents the volume distribution at different price levels. 5. Pay attention to the areas where the volume is the highest or lowest, as they can indicate important support and resistance levels. 6. You can also customize the settings of the tool to fit your analysis preferences. Remember, analyzing the trading activity using the volume by price tool is just one aspect of technical analysis. It's important to consider other indicators and factors before making any trading decisions.
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• Manoj RajputJun 29, 2021 · 4 years ago
  Ah, the volume by price tool on TradingView! It's a handy tool for analyzing the trading activity of a specific cryptocurrency. Here's how you can use it: 1. Choose the cryptocurrency you want to analyze on TradingView. 2. Look for the 'Indicators' button and click on it. 3. Search for 'Volume by Price' in the indicator list and add it to your chart. 4. The volume by price tool will show you the volume distribution at different price levels. 5. Pay attention to the areas where the volume is the highest or lowest, as they can indicate significant support or resistance levels. 6. Customize the settings of the tool to match your preferences. Remember, analyzing trading activity is just one piece of the puzzle. Consider other factors like market trends and news before making any trading decisions. Happy analyzing!
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