What are the best indicators for following trend in cryptotrading?

[shisotsu]

I'm developing my strategy for trend trading and I'm trying to figure out what are the best indicators to catch a trend. Currently now I'm using MFI, but I doubt that it is suitable for cryptocurrency trading, so i will appreciate it if you give me a hint. Thank you in advance!

[1714227026]

1714227026

[1714227026]

1714227026

[logfiles]

To me, there is not "best" indicator because we all have different strategies. What could work for me may not work for you because of your strategy. But there as so many indicators that can be used to catch a trend. The most common ones are MACD, RSI, The Bollinger bands etc
I have used all of them in the past but under different scenarios.

[Husires]

The "best" indicator is what you will get after trying several indicators. Without it, everyone can tell their experiences. These experiences may be real, they may be fraud, they may not suit you, or you may need capital and experience.
Without experimenting, everyone will give you their experiences, which may not suit you, but if you are a beginner, I say that the best indicator is the one that does not make you lose and gives you a profit of at least 1% every week or two.

[EarnOnVictor]

I'm developing my strategy for trend trading and I'm trying to figure out what are the best indicators to catch a trend. Currently now I'm using MFI, but I doubt that it is suitable for cryptocurrency trading, so i will appreciate it if you give me a hint. Thank you in advance!

Bro, I've been in the world of trading for some time now, and I will never advise you to rely on any indicator for your trading if you want to excel in it. You had better try price action and support and resistance strategies. There are many of them, you can learn them on the internet and you will just be fine. Even if you will use any indicator at all, use the ones that trade support and resistance only. I mean those like the 200SMA and others where their lines are difficult to penetrate by the market, they will not confuse you much. But using the MFI indicator is just a waste of time, they are almost similar to trading based on how the price of the market is moving, just like using the line chart.

You can be sure to be mistaken through them as they only flow/move with the demand and supply on the market in real-time but are not good for future predictive purposes. I would have suggested some custom indicators to you as well, but since it is the cryptocurrency we are talking about, you will be using exchanges for it. So it is not necessary as they will not work on exchanges but on the Metatrader4 trading platform.

[el kaka22]

There is a difference between trend trading and trading the trend. You might feel confused about that statement, but trend trading is doing whatever you think is the trend, and going in beforehand, trying to catch trends, whereas trading the trend means you wait it out, you wait until it becomes a trend, like give it some time.

Imagine this, let's remember the DeFi period, all those uniswap and pancakeswap periods, all they had tokens, if you joined all the way from the release, like first days, then you trend trade, if you waited a month or two and joined, you are trading the trend. I would say trade the trend and do not trend trade, that is important. If you jump into everything you see, then you are not going to end up getting good results.

[GreatArkansas]

MSI is good also, which is really close or similar to the Relative Strength Index (RSI), which you can use to identify oversold and overbought.
For OP, make sure also to check other timeframes especially higher timeframes just to identify it's not a trap. Then you can also add another strategy about the candlesticks patterns.

[Kelward]

The "best" indicator is what you will get after trying several indicators. Without it, everyone can tell their experiences. These experiences may be real, they may be fraud, they may not suit you, or you may need capital and experience.
Without experimenting, everyone will give you their experiences, which may not suit you, but if you are a beginner, I say that the best indicator is the one that does not make you lose and gives you a profit of at least 1% every week or two.

Based on what I see in the thread so far, the experienced members are being economical in suggesting any specific indicators for OP to adapt, so like you said, let him try different indicators and make a choice for himself, because in the end his preferred choice that'll work for him can be different from what works for who he's getting advice from. So I support that he should experiment and let his experience guide him to make a choice, so he'll be responsible for the outcome of his choice.

[snowpega]

I'm developing my strategy for trend trading and I'm trying to figure out what are the best indicators to catch a trend. Currently now I'm using MFI, but I doubt that it is suitable for cryptocurrency trading, so i will appreciate it if you give me a hint. Thank you in advance!

If you ask me I would like to suggest you that never depend on the signal indicator in crypto trading because many indicators can give the wrong signal sometimes. use a combination of indicators and go ahead. i have seen many indicators giving false signals and which leads traders to the loss.

One indicator which is Known as RSI (Relative Strength Index) that gives us the signal to buy and when to sell if it is below 30 so it means it is a good opportunity to buy and if it is above 70 it means it is not good time of buying. DYOR

[cryptoWODL]

If you ask me I would like to suggest you that never depend on the signal indicator in crypto trading because many indicators can give the wrong signal sometimes. use a combination of indicators and go ahead. i have seen many indicators giving false signals and which leads traders to the loss.

One indicator which is Known as RSI (Relative Strength Index) that gives us the signal to buy and when to sell if it is below 30 so it means it is a good opportunity to buy and if it is above 70 it means it is not good time of buying. DYOR

I agree with you that signal opportunities should never be used in crypto trading. I have seen that there are many Telegram groups from where crypto trading signal indicators are provided. We should give priority to our own efforts in trading. I used to use signal indicator from telegram group once while trading binary.

But in the beginning I got very good signals and several times my friend and I got good profits. But due to one wrong signal one day we lost all our gains since then we stopped taking telegram group signals and still trade according to our own efforts.

[irhact]

I'm developing my strategy for trend trading and I'm trying to figure out what are the best indicators to catch a trend. Currently now I'm using MFI, but I doubt that it is suitable for cryptocurrency trading, so i will appreciate it if you give me a hint. Thank you in advance!

When I'm trend trading I follow what trend is becoming popular among traders and one way to notice this is by the trading volume of the projects under that trend, it's not easy to know what the next trend is going to be or which trend is going to become more popular but you can watch the type of tokens exchanges are listing and the trends those projects are a part of and begin to monitor the trend more closely and pick some projects that you believe will be winners in that trend to trade for profits.

Nobody knows what the next trend will be and any individual making a bold statement of a trend been the next trend is only guessing but you can monitor multiple trends so you don't miss the next trend when it happens. I love trading trending cryptocurrency as they have more volatile and volumes therefore there'll be more chances to make profits from my trade but I also understand the risk involved.

[kojektea]

If we are guided by the indicators that we see well on the Telegram channel, generally in my opinion they are not good, because most of the indicators shown are just bait, doing your own research is much better than being guided by others, whatever decision you make with research You will be more satisfied, even if you have to suffer, at least you will get valuable experience

[crwth]

I'm developing my strategy for trend trading and I'm trying to figure out what are the best indicators to catch a trend. Currently now I'm using MFI, but I doubt that it is suitable for cryptocurrency trading, so i will appreciate it if you give me a hint. Thank you in advance!

Is it like changing of trends? Because there are a lot but the first thing that has come to my mind is ADX. It's pretty straight forward and easy to do. I like it being an add-on to my Bollinger bands in trading. I automate it as well with Gunbot.

[lombok]

In my opinion, all indicator tools are useful and very helpful in analyzing trends. And it all depends on our habits in using and utilizing it. I myself more often use the WR, StorchRSI, RSI, MACD, Fibonacci indicators and sometimes MA, SMA and BB. Indicators are also situational, there are some indicators that don't even match market movements. perhaps due to manipulation or other factors.

Maybe when it comes to trading, indicators are not enough. There are several other things that can help run the analysis, such as candle shapes or chart patterns. DYOR

[kentrolla]

To be honest there is no single strategy which you can rely on forever as it's an evolving thing wherein we need to keep testing numerous indicators to apply the one which is suitable for the market trend. Never ever stick to any particular indicator but rather do lot of back testing with multiple ones and find the best one as per market trend. I am would repeating what most of the users would quote which is DYOR and don't fall for any premium channels impersonating to be experts.

[Mauser]

I'm developing my strategy for trend trading and I'm trying to figure out what are the best indicators to catch a trend. Currently now I'm using MFI, but I doubt that it is suitable for cryptocurrency trading, so i will appreciate it if you give me a hint. Thank you in advance!

The universe of technical indicators is huge and even after more than 5 years of trading I haven't found that one indicator that always works and gives the best possible trading signals. I do like to a look a wider range of indicators and will filter some out when there are conflicting signals. The problem with trading data is that there is a lot of noise in the market. Especially when looking at the small intervals like 1 to 5 minute price data, we will find a lot of short term trends that are not real. Which is why I like to look at moving averages based on 10,30,60 and 90 days. This has been probably my single most useful trading indicator. Because it gives different trends based on the time frame and I can quickly identify if the market is changing long term. From time to time it can also help to look at shorter data and use intra day trading signals. But I would always recommend to double check any signal and not to trade on one indicator alone. There is a reason for having all these different technical analysis books recommending a different signals. As long as it's for free and we can verify the data, I would it include it in your initial analysis. In general I would recommend to have a mix of short term, medium term and long term indicators that all work together.

[hd49728]

Use Super trend indicator and if you can use Trend score on Glassnode, you will not miss a trend.

Glassnode's Accumulation Trend score
Their introduction video on Youtube. Bitcoin Accumulation Trend Score for tracking Whale Buyers (On-chain 101).
When you see purple, it's time for high risk and you have to consider of exit the market or don't spend money to participate in.

[Assface16678]

To be honest there is no single strategy which you can rely on forever as it's an evolving thing wherein we need to keep testing numerous indicators to apply the one which is suitable for the market trend. Never ever stick to any particular indicator but rather do lot of back testing with multiple ones and find the best one as per market trend. I am would repeating what most of the users would quote which is DYOR and don't fall for any premium channels impersonating to be experts.

Well, you do have a point, but that's why the OP's asking for different kinds of indicators to follow for trading. It doesn't mean that we will stick to that; in fact, there are no specific signals that will work every time. That's why it's best to know many kinds of indicators so that they can help you in plotting your technical analysis. Honestly, I've learned quite a few indicators or trading methods, and sometimes it takes more than just one trading strategy and indicator to plot an analysis in the market. As we know, the crypto market is volatile. That's why you can learn a lot of strategies, indicators, or anything else that could help you increase the accuracy of your analysis to trade efficiently. The most important thing is to adopt, for example, this kind of topic. Because of this, you can gather and discover different kinds of indicators or strategies from different traders, and then it's up to you to study and apply them in real trade.

[husencoe]

There are various analyzes in trading, such as MACD, RSI and many more.  Using just one indicator will lead you to a dead end.  Each analysis is a separate method, and has a different probability value.  You should try some and conclude for yourself how they work.  You have to be dynamic, using certain methods for certain cases.  Trading is not something that can be simply suggested, everyone has different views and may be wrong several times.  Building your own style is important in trading.  You have to analyze based on your data so that you will not worry about your decision.  You have to be able to see the trend so you can follow it and you will win. Some think that you can see on Youtube, can't always easy like their said. You must try with your hands to proof it.

[South Park]

I'm developing my strategy for trend trading and I'm trying to figure out what are the best indicators to catch a trend. Currently now I'm using MFI, but I doubt that it is suitable for cryptocurrency trading, so i will appreciate it if you give me a hint. Thank you in advance!

Any trend indicator that can be used on other markets can be used to trade the market of cryptocurrencies, however since trends move so quickly I will advice you to use a shorter period to calculate the indicator, so if on the stock market you used an EMA with a time period of 20, maybe it could be a good idea to reduce this number to 14 or another number you feel comfortable with, this way you will be able to react faster to the changes on the market and move to the right side of the market, capturing more profits in the process.

[gabbie2010]

I'm developing my strategy for trend trading and I'm trying to figure out what are the best indicators to catch a trend. Currently now I'm using MFI, but I doubt that it is suitable for cryptocurrency trading, so i will appreciate it if you give me a hint. Thank you in advance!

Candlestick patterns itself is an indicator infact the best indicator if you can study it because it tells the true live picture of the price especially when price reached a major Suppoort and Resistance of course there is plenty resources online for studying candlestick patterns, however majority of the so-called trend indicators lagged behind the price because they are based on past price history thus they are usually not effective and reliable because their are instances where the price had reached the end of a trend that is when some indicators give signals once a trader trigger a buy or sell the price would start to go against the trader