Configure the Cryptocurrency Strength indicator to your preferred crypto
https://www.youtube.com/watch?v=8Tyeoues53s
Configure the Cryptocurrency Strength Indicator to Your Preferred Crypto
The Cryptocurrency Strength Indicator is a versatile tool for relational crypto trading. It ranks cryptocurrencies by performance. This helps spot leaders and laggards. Configuring it to your preferred crypto focuses the view for better insights.
Our Cryptocurrency strength indicator has been designed to allow traders to swap out cryptos for those they wish to trade, assuming it is supported by the platform which in this case is Tradingview. David explains in this recording how this is done.
Step-by-Step Configuration
Start by selecting your preferred crypto as the base (e.g., Bitcoin for benchmark). The indicator then compares others relative to it. Adjust settings for timeframes—daily for trends, lower for intraday. Volume price analysis (VPA) integration shows conviction behind moves.
Benefits of Customisation
Focusing on one preferred crypto simplifies analysis. For example, base on Bitcoin to gauge altcoin weakness. Quantum's version on TradingView or NinjaTrader includes alerts for extremes. Anna Coulling's approach uses this for high-probability relational trades.
Configure today...