The video discusses the TradingView screener and its capabilities for cryptocurrency trading. It covers tips and tricks for filtering options and explains how oversold indicators can be useful in accumulation strategies. The screener can also be used to find top gainers, losses, and performance for different time frames. The video also touches on the Mad Hatter strategy and the trend analysis feature.
Using TradingView Screener for Cryptocurrency Trading: Tips and Tricks
Introduction: What is TradingView Screener?
TradingView has become an essential tool for cryptocurrency traders, offering a range of analytical and market research tools for traders worldwide. One of TradingView’s most useful tools is the screener, which allows traders to filter through a wide range of markets and assets to identify trading opportunities quickly.
In this article, we’ll look at how to use the TradingView screener effectively and outline some tips and tricks for cryptocurrency traders looking to make the most of this powerful tool.
Accessing TradingView Screener
Once you have created an account with TradingView, accessing the screener is simple. From the main TradingView homepage, click on screener and select your market of interest, such as stock, forex or crypto.
While accessing the screener through the main TradingView page is simple, some traders may encounter issues with their screener settings. If you have experienced any problems or issues, the following tips may help:
1. Clear your browser cache and restart the TradingView page.
2. Ensure that you are logged in to your account correctly.
3. Check that you are using the latest version of TradingView.
Primary Focus of TradingView Screener
The primary focus of the TradingView screener is the Mad Hatter strategy, which is a popular trading strategy among TradingView’s level 1 training group. For traders who are new to the Mad Hatter strategy, it is essential to watch the Mad Hatter video and join a Discord chat to clarify any questions.
Using the TradingView Screener for Crypto Trading
Once you have access to the TradingView screener, it is vital to understand how to use this tool effectively. Here are some tips and tricks to help you make the most of the TradingView screener for crypto trading:
1. Use Metrics and Tools
One of the most significant advantages of the TradingView screener is the range of metrics and tools available to traders. By using these tools effectively, traders can filter through the vast array of markets and assets available on the platform.
2. Oversold and Overbought Indicators
When trading cryptocurrencies, oversold and overbought indicators can be useful to identify potential trading opportunities. Oversold indicators indicate that the price action is low and could potentially increase, while overbought indicators suggest that the price has peaked, and a correction may be imminent.
3. Identify Monthly and Yearly Highs and Lows
Using the TradingView screener, traders can filter for monthly and yearly highs and lows to identify potential trading opportunities. For example, if a cryptocurrency is showing a new yearly low, this could indicate an excellent opportunity to accumulate more coins.
4. Use Performance Filters
Performance filters are an excellent tool for traders looking to identify trends and patterns in cryptocurrency markets. By filtering for daily, weekly, monthly and yearly performance, traders can quickly identify which markets are overperforming and which are underperforming.
5. Find Coins with High Volume
Traders looking to add to their crypto portfolio can use the TradingView screener to filter for coins with high volume. High volume indicates that traders are actively trading this asset, providing a broader range of buying and selling opportunities.
Conclusion
In conclusion, the TradingView screener is an incredibly powerful tool for cryptocurrency traders, offering a range of metrics and tools to identify trading opportunities quickly. Traders can use oversold and overbought indicators, monthly and yearly highs and lows, performance filters and high-volume coins to identify the most promising trading opportunities. By using these features effectively, traders can capitalize on the vast array of markets and assets available on the TradingView platform.