What are the most commonly used volume technical indicators in cryptocurrency trading?

1 answers

• Rezby SnggacalaNov 25, 2022 · 3 years ago
  In cryptocurrency trading, some of the most commonly used volume technical indicators include the Relative Volume (RVOL), which compares the current trading volume to its historical average. RVOL can help identify periods of increased or decreased trading activity. Another popular indicator is the Money Flow Volume (MFV), which calculates the volume-weighted average price multiplied by the volume. MFV can provide insights into the strength of buying or selling pressure. The Volume Profile indicator is also widely used, as it displays the volume traded at each price level over a specified period. This can help identify areas of support and resistance. These volume technical indicators, among others, can assist traders in analyzing and interpreting trading volume in the cryptocurrency market.
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