đ Basic and Most Common
#TradingView Indicators: A Beginner's Guide
đ Volume: The volume indicator reflects the total number of assets traded within a certain timeframe.
â
When volume aligns with price movement, it serves as a nod to trend confirmation. It's also worth exploring volume divergence.
đ An uptick in volume alongside a price increase solidifies the robustness of an upward trend. Conversely, a volume decrease when the price is rising might hint at trend fragility, potentially signaling a reversal.
đ Conversely, rising volumes during a price dip could signal increasing asset interest, suggesting a possible future price surge.
đ MACD (Moving Average Convergence Divergence): The MACD is crafted from the divergence between two exponential moving averages (EMA), offering insights into trend strength and direction shifts.
đ MACD signals emerge from the interplay between the signal line (a smoothed EMA) and a histogram showcasing the EMA differences.
đVPVR (Volume Profile Visible Range): The VPVR outlines a vertical volume profile for the visible range, pinpointing the zones of highest trading activity within a specific price corridor.
đ High VPVR peaks can act as critical support or resistance levels, marking areas of significant trade volume.
đ RSI (Relative Strength Index): The RSI gauges price momentum over a predetermined period, aiding in identifying when an asset is overbought or oversold.
đ With its scale ranging from 0 to 100, readings above 70 suggest overbought conditions, while those below 30 indicate oversold statuses.
đ„ Leveraging these indicators together offers traders invaluable insights for crafting entry or exit strategies.
đ§ Remember, contextualizing and interrelating various indicators are key to a more nuanced market analysis.
#trading