Are there any recommended settings or customizations for the order flow footprint chart on TradingView when analyzing cryptocurrency markets?

1 answers

• Armindo OliveiraDec 05, 2023 · 2 years ago
  When it comes to analyzing cryptocurrency markets using the order flow footprint chart on TradingView, there are no specific recommended settings or customizations that apply universally. Each trader may have their own preferences and strategies. However, I can share some tips based on my experience. Firstly, adjust the chart's time frame according to your trading style. If you're a day trader, shorter time frames like 5 or 15 minutes may be more suitable. For swing traders or long-term investors, longer time frames like 1 hour or daily can provide a better perspective. Secondly, experiment with different color schemes to find the one that suits your visual preferences and makes it easier for you to interpret the chart. Lastly, consider using the order flow footprint chart in conjunction with other technical indicators to validate your analysis. Remember, there is no one-size-fits-all solution, so it's important to find the settings and customizations that work best for you and your trading strategy.
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