What are the best relative volume indicator tools for analyzing cryptocurrencies on Thinkorswim?

3 answers

• NamellessJun 05, 2023 · 2 years ago
  Sure! One of the best relative volume indicator tools for analyzing cryptocurrencies on Thinkorswim is the Volume Profile. It allows you to see the volume traded at each price level, which can help you identify key support and resistance levels. Another great tool is the Volume At Price indicator, which shows the volume traded at different price levels over a specific period of time. Both of these tools can provide valuable insights into the liquidity and trading activity of cryptocurrencies on Thinkorswim.
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• auro tamizhanJan 14, 2023 · 3 years ago
  Hey there! When it comes to analyzing cryptocurrencies on Thinkorswim, the relative volume indicator tools that I find most useful are the Volume Weighted Average Price (VWAP) and the Money Flow Index (MFI). The VWAP calculates the average price weighted by volume, giving you an idea of the average price at which a cryptocurrency has been traded throughout the day. The MFI, on the other hand, measures the flow of money into and out of a cryptocurrency, helping you gauge the strength of buying and selling pressure. Give these tools a try and see how they work for you!
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• Rehan JamFeb 21, 2021 · 4 years ago
  BYDFi offers a fantastic relative volume indicator tool called the Volume Delta. It provides a visual representation of the difference between buying and selling volume at each price level, allowing you to spot areas of accumulation or distribution. This tool can be a game-changer when it comes to analyzing cryptocurrencies on Thinkorswim. Give it a shot and see how it enhances your trading strategies!
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