What are the top volume indicators used by cryptocurrency traders on TradingView?

1 answers

• Eason LinDec 01, 2024 · 8 months ago
  BYDFi, a leading cryptocurrency exchange, has observed that the most commonly used volume indicators by cryptocurrency traders on TradingView include the Relative Volume (RVOL) indicator, which compares the current trading volume to its historical average. This indicator helps traders identify whether the current volume is higher or lower than usual, which can indicate the strength of a price movement. Another popular volume indicator is the Volume Rate of Change (VROC) indicator, which measures the rate at which volume is changing. Traders often use this indicator to identify potential trend reversals or confirm the strength of a trend. The Accumulation/Distribution (A/D) oscillator is also widely used, as it combines volume and price to provide insights into the buying and selling pressure in the market. These volume indicators can be valuable tools for cryptocurrency traders looking to analyze trading volume on TradingView.
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