Tools and Indicators

[ipanks]

for me I prefer to use EMA and Fibonacci, ema really helps my trading activities, although sometimes the signals given are not always correct, and I think all indicators are like that too. but it is this approach that we must use to trade, and of course we must know how to read the ema where if it breaks, of course, it must immediately cut loss

EMA and Fibonacci can help you to determine the right time to buy or sell and I think that is enough to use that indicator in trading. If you can master the lessons about those indicators, I am sure you do not need the other indicators, but learning the other indicator will improve our skills. The more indicators that we can learn, the more chances to know when to enter and leave the market and take profit. And with some practice in real trading, that can really improve our skills to better.

[Ararbermas]

I use a few tools to help me with my trading. I normally keep BTC-D under the scope, while using Tradingview for the charts. I would like to hear what kind of tools and indicators you guys use to trade cryptos.

And how about trading technics. Is anyone kind enough to share?

i use 4 indicators everytime in trading view because for me using one indicators there's always a false information about the real potential of the coin,  so i used to combine these indicators "Bollinger band," VOLUME" Stochastic RSI" and the very common indicator which is MACD.. And using trendline to see a break out so far my win rate is still the same..

[cheezcarls]

I use a few tools to help me with my trading. I normally keep BTC-D under the scope, while using Tradingview for the charts. I would like to hear what kind of tools and indicators you guys use to trade cryptos.

And how about trading technics. Is anyone kind enough to share?

I personally use Newscrypto for trading tools and indicators to analyze trading scenarios such as Moonlines, Correlation, etc., and I’m loving it to be honest. It’s free to use when you register an account. But of course, there are other great ones as well for technical analysis on cryptocurrency trading like the Tradingview.

[palle11]

I use a few tools to help me with my trading. I normally keep BTC-D under the scope, while using Tradingview for the charts. I would like to hear what kind of tools and indicators you guys use to trade cryptos.

And how about trading technics. Is anyone kind enough to share?

i use 4 indicators everytime in trading view because for me using one indicators there's always a false information about the real potential of the coin,  so i used to combine these indicators "Bollinger band," VOLUME" Stochastic RSI" and the very common indicator which is MACD.. And using trendline to see a break out so far my win rate is still the same..

Among these indicators you have listed and explained, trendline is more of reliable in them because in market all you need first is to identify the trend that is the direction of market. If you don't get the trend  and jump in and not lucky you can empty your money on the trade. All other indicator don't work against the trend, if you use them against the trend they get you confuse especially bollinger band, RSI , MA.

[tulusikhlas]

Personally, I don't use too many indicators, I only use predefined time frames, for example 1 hour or 4 hours if it allows me to trade on the spot. The indicators used are Bollinger Bands, Zig zags and also combine indicators such as the Double EMA to appear up and down at a certain point.

[darewaller]

Aside from tradingview I do not think that we would need something. If you need to pay your taxes in a nation that request taxes too much and you are worried about it then use something like cointracker or koinly in order to pay that as well. Aside from that I do not think that there is anything you could do that would make any changes for you. Do not get me wrong, I am not saying all the other tools are useless, there are many that people use and they are super happy about it.

However having a good tool versus having a tool that you "need" are different things. If you are wondering what you need then tradingview and a tax calculator is enough, if you want something that you would enjoy then you just need to end up with something that you enjoy by testing and not from what people are saying because what people say as great may not be great for you and you may prefer something else.

[Hobo66]

Using tool and indicators are the trading strategy to achieve goals and to overcome loss by identifying signals. Actually tools and indicators depends on both the the type of trading as well as the person that what type of indicator he is using. If you are not familiar with the use of indicator then you can not be use it properly. You should have to first know about the indicator then you should have to use. i often use MACD.

[JooBra]

Using tool and indicators are the trading strategy to achieve goals and to overcome loss by identifying signals. Actually tools and indicators depends on both the the type of trading as well as the person that what type of indicator he is using. If you are not familiar with the use of indicator then you can not be use it properly. You should have to first know about the indicator then you should have to use. i often use MACD.

There are some indicators on trading view that can help you. And they are at public library I think at lazy bear and some others. It can help you follow the movements in the market.