As mentioned, standard trading tools are jam-packed with Technical Indicators which are available via a simple drop-down menu. Tradeview boasts over 100 as standard, so as mentioned you need to first decide what sort of trader you are, where you think you can find an edge, and apply the relevant indicators, rather than being led by whatever indicator looks interesting.
Learn Crypto’s trading knowledge base introduced some of the most common technical indicators which fall into these common categories:
- Price led – Specific to price change
- Volume – Based on the volume of trading activity
- Leading – Precede a specific change in direction
- Lagging – Confirm a specific change in price has happened
Selecting a standard technical indicator will automatically overlay the price chart – such as Moving Averages – or create an additional pane below the chart in parallel – such as RSI – (Relative Strength index).
These indicators don’t need to be used in isolation, but are commonly used in combination, along with research which may not be quantifiable within a trading chart, such as news or fundamentals.
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