Top 3 Cryptocurrency Trend Indicators

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Quote from: TriplexXx on November 05, 2019, 07:50:00 PM

Quote from: Pelunize12 on October 16, 2019, 03:19:01 AM

from my experience, trading indicator doesnt work well in crypto. i test many time and often fail with those indicator
i believe in price action which can work better than indicator. furthermore, price action is simpler than indicator

I often used CoinMarketCap, CoinCodex, and CoinGecko to find the most profitable altcoins to buy.
They are also free tools but it may take some time to find the right coin to buy don't rush as a beginner. Make sure to analyze the market carefully.

What do you base your analysis on? Fundamental analysis, technical analysis or sentimental analysis? After picking potential coins on coinmarketcap, CoinGecko... What do you do next? If you're just blindly buying coins, then you're doing it wrongly. I started like that and I learnt the hard way. I've seen other people who make this same mistake.Next time, After picking coins, do a bit of FA and TA before clicking the buy button.

teosanru

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Quote from: cryptoadvocate on October 15, 2019, 11:17:22 PM

Thought I'd share my article which discusses my three favorite indicator types to use to make sure that you're trading with the trend. Trading a trend is often far more profitable and less effort than trading choppy markets and these can help identify when a market is trending and when it starts to trend up or down.

https://www.cryptoadvocate.net/post/top-3-cryptocurrency-trend-indicators

I think there is only one best trend indicator in market and that is price action. You don't need anything but just a knowledge of calculating market highs and lows in order to determine what trend it is. A series of two completed higher highs and higher lows indicate a bullish pattern and sentiment in the market while a couple of lower highs lower lows show that market is bearish. If there is a higher high and lower low then market is expanding and breakout will happen and similar thing is true when there is a series lower high and higher low.

Have a look at this:
Uptrend

source: Realfibonaccitrading.com
This indicates an uptrend as a series of Higher High and Higher lows indicated by HH & HL

Downtrend

source: Realfibonaccitrading.com
This indicates an downtrend as a series of Lower Highs and Lower lows indicated by LH & LL

cryptoadvocate

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Quote from: MURONDI on November 05, 2019, 08:37:37 AM

Quote from: cryptoadvocate on October 15, 2019, 11:17:22 PM

Thought I'd share my article which discusses my three favorite indicator types to use to make sure that you're trading with the trend. Trading a trend is often far more profitable and less effort than trading choppy markets and these can help identify when a market is trending and when it starts to trend up or down.

https://www.cryptoadvocate.net/post/top-3-cryptocurrency-trend-indicators

I am also a trader who likes trend indicators, Moving Average and Exponential Moving Average indicators are classic indicators that are commonly used, but I don't really like this indicator because it is slow in detecting trends, but I have never tried trendmaster indicators, I will try to learn it.

Yea give it a shot

leowonderful

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One momentum-based indicator I like to use when the market's not ranging around or isn't moving strongly sideways is the parabolic SAR- it gives a pretty clear indicator of what the prevailing trend is during periods of volatility, and it's extremely simple to use as well. You'll notice dots above and under candles if you use the indicator, and dots below means a bullish trend and dot above means a bearish trend, while the dots starting to converge closer and closer to the candles means that the trend might be flipping.

This indicator also works decently well on almost any timeframe, though you're most likely going to get the best results on higher timeframes with it.

its-a-me-mario

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Quote from: Twinkledoe on October 15, 2019, 11:39:39 PM

I guess these indicators would not be of help for those pump and dump masternode coins? Do you think, it can detect the possible exit of those kind of coins?

IMO any indicator only really works with markets that have decent volume. Pump n dumps can't be predicted because it's coordinated manipulation, it's not price movement due to natural market actions. No chart that only looks at previous OHLCV data can predict if a group of ppl is going to coordinate a pump n dump, and any low volume market is too easily impacted by a small amount of capital to really make indicators reliable. If I can personally reverse a trend with only $2,000, no indicator will help you there.

As for indicators, I like these common ones, along with a couple custom ones I've built w/TradingView's PineScript language for custom indicators:

MACD
RSI
Bollinger Band

TriplexXx

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Quote from: Pelunize12 on October 16, 2019, 03:19:01 AM

from my experience, trading indicator doesnt work well in crypto. i test many time and often fail with those indicator
i believe in price action which can work better than indicator. furthermore, price action is simpler than indicator

I often used CoinMarketCap, CoinCodex, and CoinGecko to find the most profitable altcoins to buy.
They are also free tools but it may take some time to find the right coin to buy don't rush as a beginner. Make sure to analyze the market carefully.

Shasha80

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I also use trading cryptocurrency indicators to justify the right time to buy and sell. Although not can only rely on indicators
to make decisions, because indicators cannot guarantee 100% success. But at the very least we get a little picture of the market.
I used to combine the indicators RSI, MACD and Boillinger Bands. But the market cryptocurrency can change suddenly, especially
if whales do market manipulation. So, don't just rely on it indicators but must be combined with other trading techniques. Such as
determining support and resistance prices.

MURONDI

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Quote from: cryptoadvocate on October 15, 2019, 11:17:22 PM

Thought I'd share my article which discusses my three favorite indicator types to use to make sure that you're trading with the trend. Trading a trend is often far more profitable and less effort than trading choppy markets and these can help identify when a market is trending and when it starts to trend up or down.

https://www.cryptoadvocate.net/post/top-3-cryptocurrency-trend-indicators

I am also a trader who likes trend indicators, Moving Average and Exponential Moving Average indicators are classic indicators that are commonly used, but I don't really like this indicator because it is slow in detecting trends, but I have never tried trendmaster indicators, I will try to learn it.

puertorikosena

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I think that indicators are effective only on currencies that have good liquidity. In other cases, currencies that are traded on the cryptocurrency market are completely unpredictable and it is difficult and not profitable to trade them. In this case, it is better to invest if the project is worth attention.

cryptoadvocate

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For anyone interested, looks like stormxbt has created a new version of ATR. Unfortunately bot free

nelson4lov

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Quote from: Pelunize12 on October 16, 2019, 03:19:01 AM

from my experience, trading indicator doesnt work well in crypto. i test many time and often fail with those indicator
i believe in price action which can work better than indicator. furthermore, price action is simpler than indicator

The funny thing about your reply is that you relied too much on the information from the indicators you used. As the name implies, It's an indicator not a success guarantee. Indicators are essential for trading and yes, They do work but you can improve your chances by using them alongside other tools like Support and Resistance + Indicators, Indicators plus fib retracements. Moral: Don't really on a single indicator or trading tool. If you combined everything (Indicators, price actions, support, resistance, channels, Trend lines etc) It should give you an edge over other traders.

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Quote from: Pelunize12 on October 16, 2019, 03:19:01 AM

from my experience, trading indicator doesnt work well in crypto. i test many time and often fail with those indicator
i believe in price action which can work better than indicator. furthermore, price action is simpler than indicator

It has been known for a very long time that if you try to use trading indicators in markets that have very low volume then they don't work, but if you use those very same indicators in markets with enough volume then you will get very accurate results with them.

But you found the right answer, when you cannot use trading indicators and fundamental analysis is useless because of the huge number of scams your only option is to watch the price action.

Willitivity

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Quote from: MFahad on October 16, 2019, 12:30:08 AM

I have seen the three indicators mentioned but i usually trust the three more commonly used indicators.
1-Relative Strength Index (RSI)
2-Moving Average Convergence Divergence (MACD)
3- Moving Average & EMA

Not sure about Average True Range (ATR) and Trendmaster which are custom build.

Quote from: ringgo96 on October 16, 2019, 05:00:24 AM

For trading, I usually use 2-3 indicators to validate prices and strengthen the belief that the price will probably increase or when I want Cute Lose. because these 3 indicators are correct, I understood and studied.

Stochastic RSI
DMI
Bollinger Bands

Each person must be different in using indicators. but with all three I can get a combo when I want to trade scalping. I am an impatient type of person so I cannot hold Altcoin long term. And I take Time Frame From Minutes to Daily, And also this can use the free features of Tradingview Grin

These 6 trend indicateors seem to be the best in providing a more better results when proper combined. You might not actually need to combine the whole 6. A mix of RSI, MAC-D and Bollinger bands can give you an insight as to how a particular pair is performing and how it is likely to perform in a nearest short period.

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Quote from: Quidat on October 16, 2019, 12:58:19 PM

Quote from: cryptoadvocate on October 15, 2019, 11:17:22 PM

Thought I'd share my article which discusses my three favorite indicator types to use to make sure that you're trading with the trend. Trading a trend is often far more profitable and less effort than trading choppy markets and these can help identify when a market is trending and when it starts to trend up or down.

https://www.cryptoadvocate.net/post/top-3-cryptocurrency-trend-indicators

•RSI
•BB
•EMA
•Support and Resistance
•Fibo (Case to case basis)

These are the technicals ive been using.For RSI ones i always tend to look for any divergence
for me to decide its time to sell out or buy.It might not be 100% precise but at least you are
basing on something.

The most reliable here for me is support and resistance. If you are able to understand the way it works and capture the real S/R, you are sure to be on the right part because it is not a lagging indicator. A break for any of it , can lead you to a direction and that is the new trend.

target

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Trendmaster is interesting. Haven't add anything to my tradingview but it says by clicking, it will add automatically?

Quote from: Twinkledoe on October 15, 2019, 11:39:39 PM

I guess these indicators would not be of help for those pump and dump masternode coins? Do you think, it can detect the possible exit of those kind of coins?

Isn't RSI going to be working still for those coins like DASH? I never trade that coin but the overbought can still be seen with it. AS soon as you see its overbought you can sell rightaway not minding you take profit. Just don't wait til it reaches its peak because you might not see it coming someone will dump before you can.

Quidat

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Quote from: cryptoadvocate on October 15, 2019, 11:17:22 PM

Thought I'd share my article which discusses my three favorite indicator types to use to make sure that you're trading with the trend. Trading a trend is often far more profitable and less effort than trading choppy markets and these can help identify when a market is trending and when it starts to trend up or down.

https://www.cryptoadvocate.net/post/top-3-cryptocurrency-trend-indicators

•RSI
•BB
•EMA
•Support and Resistance
•Fibo (Case to case basis)

These are the technicals ive been using.For RSI ones i always tend to look for any divergence
for me to decide its time to sell out or buy.It might not be 100% precise but at least you are
basing on something.

ChrisPop

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Quote from: Twinkledoe on October 15, 2019, 11:39:39 PM

I guess these indicators would not be of help for those pump and dump masternode coins? Do you think, it can detect the possible exit of those kind of coins?

You've got to understand that technical analysis does not work on any chart you apply it on. You need to look at the underlying dynamics of that asset/market. If it is a fund with a NAV value people will eventually buy it to catch up the NAV. Or.. if there's no volume and liquidity in the market it's obvious that those lines on the chart that are supposed to act as resistances or support won't hold the same weight because there are not many people in the market which might or not support that level.

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RSI is a really good one for selling, people use it for buying more, the most important part of crypto trading is the buying part, if you buy at the right price then selling wherever you can is still a profit, if you buy bitcoin at 7700 but then sell at 8100 when it goes to $8300 then you made a profit but missed out on bigger profit, however if you buy at 8300 and it goes to 7700 then you lose money, so selling is the second most important part, buying is the biggest important part.

RSI however is perfect for selling part, I know buying is important but at least you can forget about the small part of selling thanks to RSI. When the price will bottom out and what is the lowest it will go can't be decided on indicators that easily, sometimes all indicators show something but then bitcoin whales change that and that's when things go south.

MonsterV

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But most traders use support and resistance lines as their main indicator. The three indicators you mentioned above in my opinion are less accurate even though they are combined, because it is only a mathematical calculation of the previous price.

But that does not mean I do not use indicators, I myself also use indicators such as MA and EMA, the rest I use the trendline to determine market direction.

Quote from: AniviaBtc on October 16, 2019, 10:11:07 AM

Quote from: watergold on October 16, 2019, 04:01:55 AM

Indicators are only for reading graphics, I often see and read them, but they are not useful for the price of coins in the market, I often use my own analysis much better than seeing other people's indicators.

Using your own knowledge is really much better. I agree with you that indicators really help for reading graphs. But they also have a factor in crypto economy, but not that much effect. Just analyze it by yourself only and understanding it will help you to gain more profit in trading. Good decision making is the key in an ideal transactions.

@OP show articles about top indicators not about indicators from speculators. I hope you read the article given by @OP first before commenting on this thread. Those who use indicators certainly analyze their own, dude and they do not trade from speculators.

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Quote from: watergold on October 16, 2019, 04:01:55 AM

Indicators are only for reading graphics, I often see and read them, but they are not useful for the price of coins in the market, I often use my own analysis much better than seeing other people's indicators.

Using your own knowledge is really much better. I agree with you that indicators really help for reading graphs. But they also have a factor in crypto economy, but not that much effect. Just analyze it by yourself only and understanding it will help you to gain more profit in trading. Good decision making is the key in an ideal transactions.

Topic: Top 3 Cryptocurrency Trend Indicators (Read 315 times)