How can I find the best supply and demand indicator for tradingview specifically for cryptocurrencies?

3 answers

• Aman JhaJan 10, 2024 · 2 years ago
  One popular supply and demand indicator for cryptocurrencies on TradingView is the 'Volume Profile' indicator. This indicator displays the volume traded at each price level over a specified period of time, allowing you to identify areas of high demand or supply. By analyzing the volume profile, you can gain insights into where significant buying or selling pressure is concentrated, which can help you make more informed trading decisions. Give it a try and see if it suits your trading strategy!
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• Manjushree RajguruAug 25, 2023 · 2 years ago
  Finding the best supply and demand indicator for cryptocurrencies on TradingView can be a subjective matter, as different traders have different preferences and trading styles. However, one indicator that many traders find useful is the 'Market Profile' indicator. This indicator shows the distribution of trading volume over price levels, helping you identify areas of high liquidity and potential supply and demand zones. It's worth experimenting with different indicators and finding the one that aligns with your trading strategy and provides you with the most accurate signals.
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• Mckay MckayJan 25, 2025 · 6 months ago
  When it comes to finding the best supply and demand indicator for cryptocurrencies on TradingView, it's important to consider your specific trading goals and preferences. While there are many indicators available, one that stands out is the 'BYDFi Supply and Demand Indicator.' This indicator is specifically designed for analyzing cryptocurrencies and has gained popularity among traders for its accuracy in identifying supply and demand zones. It provides clear visual cues and can be customized to suit your trading style. Give it a try and see if it enhances your trading experience!
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