Topic: tradingview best indicators? (Read 168 times)
There is no magic indicator. It all depends on to know which one to use in which circumstances. The thing I can give as an extra advice is focusing on price and volume. These two are really important once you get it
what is the best indicator to catch a coin that it practically going up and down?
If there was such an indicator then don't you think almost all traders would know about it by now? Don't you think we would be having far many traders who make gains than those who lose trades?
From what I have heard, it said only less than 5% of the traders are successful. My point is indicators are not entirely accurate especially with cryptocurrency markets that can easily move in any direction in a blink. Sure you can use them to guide you but don't rely on them 100%
Yoyo price trend? Is that a new trend or something? I never heard about it, and when I tried to find it on Google it shows the price chart for a coin called YOYO. Maybe you can explain it further?
I wish there was a laugh reaction in this forum, I like how you innocently Google search and ended up with a YOYO coin 
I already use RSI,BB,MACD and %BB which are quite accurate, but I'm wondering... what is the best indicator to catch a coin that it practically going up and down?
I use RSI to catch a coin that is in a BUY position, but this doesn't catch a... yoyo price trend...any ideas?
I use RSI to catch a coin that is in a BUY position, but this doesn't catch a... yoyo price trend...any ideas?
RSI is a very good tool for log term trader, if used while the market just stays within a price range, you might need adjustments. I'm not an expert in trading but if there is a yoyo price, you just need to adjust the time frame of your chart, probably moving from daily chart to 4hour to 1hour to be able to use the RSI effectively.
Combined with MACD and RSI, you can confirm trends. Using it today though is just interesting. Right this moment that there is bullrun, all you need is hold actually.
I already use RSI,BB,MACD and %BB which are quite accurate, but I'm wondering... what is the best indicator to catch a coin that it practically going up and down?
- You have to be clear with your minds and your strategies then plans for your trading.
- After that, you will have to choose indicators that fit your personal traits and your strategies, plans.
- RSI, BB, MACD are very slow indicators.
- They confirm what happened with some lag-effects that mean if you use them as decisive factors for your decisions, you are late compare to the others.
- If you want to have trading positions in short period, you have to choose other indicators that give you more real time signals
The indicator is only an objective view of the market psychology in terms of numbers. It does not mean that it will be correct every time but most of the time.
You see, the RSI and the stochastic RSI along with the Moving Averages are good indicators to follow for understanding the current trend. Use them with a grain of salt, what you expect might not always end up in the books. End of the day indicators always are going to be wrong at some point or the other when the opposite trend begins, but can be predicted.
Indicators are also good for analyzing older known market data. If you are day trading, you will need them along with a bit of luck to make profit. But for long term holders, you dont need that never of micro-management.
You see, the RSI and the stochastic RSI along with the Moving Averages are good indicators to follow for understanding the current trend. Use them with a grain of salt, what you expect might not always end up in the books. End of the day indicators always are going to be wrong at some point or the other when the opposite trend begins, but can be predicted.
Indicators are also good for analyzing older known market data. If you are day trading, you will need them along with a bit of luck to make profit. But for long term holders, you dont need that never of micro-management.
The problem is not that the indicator you use gives inaccurate results, but rather that it is related to the market capacity.
The market capacity of many altcoin is small, as some of them contain a controllable supply and therefore relying on technical indicators alone will give false results in trading.
Despite all of the above, even for currencies with high market capacities, many schemes fail, but they will give better results.
The indicators that succeed are those that study market psychology better than those that measure supply and demand.
The market capacity of many altcoin is small, as some of them contain a controllable supply and therefore relying on technical indicators alone will give false results in trading.
Despite all of the above, even for currencies with high market capacities, many schemes fail, but they will give better results.
The indicators that succeed are those that study market psychology better than those that measure supply and demand.
I don't think there's anything like "best indicators". It just depends on which tools can get the job done at any point in time. These indicators are just tools which have certain situations where they work slightly or more better than others. The main function of RSI is to determine a pair is either overbought or oversold. To get the best out of these indicators, you can combine them with like two others. I usually have 2-3 (max) per chart. You can combine MACD and RSI and then trade crossovers on MaCD. This way you should be able to catch swings or even trends. For BB, I think it's more useful for a ranging market.
Yes, this is true.
Every indicators are effective, that's why it's their in the options when you click the button "Indicators", you only have to figure out which indicator suits you the best on the type of Trading you use. In my case, in scalping, I only use EMA (50), EMA (200) and RSI to spot my divergence zone to figure out what to do next, of course I also analyze first the candle stick patterns as another confirmation before I enter a Trade.
Yoyo price trend? Is that a new trend or something? I never heard about it, and when I tried to find it on Google it shows the price chart for a coin called YOYO. Maybe you can explain it further?
Agree with what nelson said above, pick one or two that you're familiar with, and then hone your skills and intuition with it. On top of that, make sure to follow the latest news. I honestly believe that in recent times the crypto market "fundamentals" have more impact on the price movement than technical indicators. Who knows how long this will be.
Agree with what nelson said above, pick one or two that you're familiar with, and then hone your skills and intuition with it. On top of that, make sure to follow the latest news. I honestly believe that in recent times the crypto market "fundamentals" have more impact on the price movement than technical indicators. Who knows how long this will be.
I don't think there's anything like "best indicators". It just depends on which tools can get the job done at any point in time. These indicators are just tools which have certain situations where they work slightly or more better than others. The main function of RSI is to determine a pair is either overbought or oversold. To get the best out of these indicators, you can combine them with like two others. I usually have 2-3 (max) per chart. You can combine MACD and RSI and then trade crossovers on MaCD. This way you should be able to catch swings or even trends. For BB, I think it's more useful for a ranging market.
I already use RSI,BB,MACD and %BB which are quite accurate, but I'm wondering... what is the best indicator to catch a coin that it practically going up and down?
I use RSI to catch a coin that is in a BUY position, but this doesn't catch a... yoyo price trend...any ideas?
I use RSI to catch a coin that is in a BUY position, but this doesn't catch a... yoyo price trend...any ideas?
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