What are some popular market breadth indicators on thinkorswim that can help me make better trading decisions in the cryptocurrency market?

3 answers

• Buus AdairApr 24, 2023 · 2 years ago
  One popular market breadth indicator on thinkorswim that can be useful in the cryptocurrency market is the Advance-Decline Line. This indicator measures the difference between the number of advancing and declining assets over a given period of time. A positive value indicates bullish market sentiment, while a negative value suggests bearish sentiment. By monitoring the Advance-Decline Line, traders can gauge the overall strength or weakness of the cryptocurrency market.
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• Krishna ShahMar 27, 2022 · 3 years ago
  Another commonly used market breadth indicator on thinkorswim is the Up/Down Volume Ratio. This indicator compares the volume of up days to the volume of down days in the cryptocurrency market. A ratio greater than 1 indicates bullish sentiment, while a ratio less than 1 suggests bearish sentiment. Traders can use this indicator to identify trends and potential reversals in the market.
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• Luda ShlyakinaMay 27, 2025 · 2 months ago
  BYDFi, a popular cryptocurrency exchange, offers a unique market breadth indicator called the Crypto Sentiment Index. This indicator aggregates social media sentiment, news sentiment, and trading volume to provide a comprehensive view of market sentiment. Traders can use this indicator to gauge the overall mood of the market and make informed trading decisions. It is important to note that market breadth indicators should be used in conjunction with other technical and fundamental analysis tools for better decision-making.
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