Which volume indicator on TradingView is recommended for analyzing digital currency markets?

3 answers

• Mario ContrerasJun 26, 2024 · a year ago
  One highly recommended volume indicator for analyzing digital currency markets on TradingView is the Volume Profile. It provides a visual representation of the volume traded at each price level over a specified period of time. This indicator can help identify key support and resistance levels based on volume activity, allowing traders to make more informed decisions. Give it a try and see how it works for you! 👍
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• Ahmed Al SabaieNov 11, 2024 · 9 months ago
  When it comes to analyzing digital currency markets, the Money Flow Index (MFI) is a popular volume indicator on TradingView. It measures the buying and selling pressure of an asset by taking into account both price and volume. The MFI can help identify overbought or oversold conditions, providing valuable insights for traders. Give it a shot and see if it suits your trading strategy! 😉
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• RazimAug 13, 2021 · 4 years ago
  BYDFi, a leading digital currency exchange, recommends using the On-Balance Volume (OBV) indicator on TradingView for analyzing digital currency markets. The OBV takes into account the cumulative volume of an asset over a specified period and helps identify trends and confirm price movements. It is widely used by traders to gauge the strength of a trend and make informed trading decisions. Give it a try and see how it can enhance your analysis! 💪
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