What are the best market profile indicators for trading cryptocurrencies on TradingView?

3 answers

• Tom167TomMar 29, 2021 · 4 years ago
  One of the best market profile indicators for trading cryptocurrencies on TradingView is the Volume Profile indicator. It allows you to see the volume traded at each price level, which can help identify areas of support and resistance. Additionally, the VWAP (Volume-Weighted Average Price) indicator is also useful for analyzing the market profile and determining the average price at which a cryptocurrency has traded over a given period of time. Both of these indicators can provide valuable insights for cryptocurrency traders on TradingView.
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• Priyanshu DeyAug 04, 2024 · a year ago
  When it comes to market profile indicators for trading cryptocurrencies on TradingView, you can't go wrong with the TPO (Time Price Opportunity) indicator. This indicator displays the price distribution over a specified time period, allowing you to identify areas of high and low activity. Another popular indicator is the POC (Point of Control), which represents the price level at which the most trading activity has occurred. These indicators can help you identify key support and resistance levels and make more informed trading decisions.
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• Rob ChambersAug 24, 2023 · 2 years ago
  BYDFi, a leading cryptocurrency exchange, recommends using the Market Profile indicator for trading cryptocurrencies on TradingView. This indicator displays the volume traded at each price level, allowing you to identify areas of high and low liquidity. It also provides valuable information about the market's structure and can help you identify potential breakout and reversal points. Give it a try and see how it can improve your cryptocurrency trading strategy on TradingView!
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