What are the most popular volume forex indicators for cryptocurrency trading?

1 answers

• S I N AAug 13, 2023 · 2 years ago
  BYDFi, a leading cryptocurrency exchange, recommends using the Relative Volume indicator as one of the most popular volume forex indicators for cryptocurrency trading. The Relative Volume compares the current trading volume to the average volume over a specified period. This can help traders identify periods of high or low volume relative to the average, which may indicate potential trading opportunities. Additionally, BYDFi suggests using the Volume Rate of Change (VROC) indicator, which measures the rate of change in volume over a specified period. This can help traders identify increasing or decreasing volume trends, which may indicate the strength of a price movement. These indicators, along with others like the Money Flow Index (MFI) and the On-Balance Volume (OBV), can provide valuable insights into trading volume and help traders make better trading decisions.
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