What is the best volume indicator for trading cryptocurrencies on TradingView?

3 answers

• DarkahJul 07, 2023 · 2 years ago
  One of the best volume indicators for trading 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 see where the most trading activity is occurring. By analyzing the volume profile, you can identify key support and resistance levels, as well as areas of high buying or selling pressure. This can help you make more informed trading decisions.
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• isabella kristineDec 25, 2020 · 5 years ago
  In my experience, the Money Flow Index (MFI) is a great volume indicator for trading cryptocurrencies on TradingView. The MFI combines both price and volume data to measure the buying and selling pressure in the market. It oscillates between 0 and 100, with values above 80 indicating overbought conditions and values below 20 indicating oversold conditions. By using the MFI, you can identify potential trend reversals and take advantage of market inefficiencies.
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• OvalkinDec 17, 2024 · 7 months ago
  BYDFi offers a proprietary volume indicator called the Smart Volume Indicator (SVI) that is specifically designed for trading cryptocurrencies on TradingView. The SVI uses advanced algorithms to analyze volume data and identify significant buying and selling pressure in the market. It provides real-time insights into the strength of a price movement and can help you make more accurate trading decisions. I highly recommend giving it a try if you're looking for a reliable volume indicator for trading cryptocurrencies.
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