Bitcoin strength indicator for Tradingview
https://youtu.be/ItN3QDjNlCY
Bitcoin Strength Indicator for TradingView
The Bitcoin strength indicator for TradingView is a valuable tool for crypto traders. It ranks BTC against other assets or alts. This reveals relative performance quickly. Strong BTC signals dominance. Weak BTC hints at altcoin seasons.
The Cryptocurrency space may seem a little quiet at the moment, but this is not likely to remain so for long. To help traders navigate the many hundreds of cryptos available to trade, we have developed a strength indicator that allows the trader to configure the indicator with any available crypto. Currently, it is only available for Tradingview, where there are more than 200 coins to choose from.
In this video, David introduces the indicator and explains the concept behind the indicator in more detail.
How It Works with Volume Price Analysis
Combine the indicator with volume price analysis (VPA) for better insights. High volume on BTC upmoves confirms strength. Divergence warns of potential reversals. Quantum-style custom scripts on TradingView make this visual and...