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How to Get Buy and Sell Indications on Your Chart for Free

If you’re a trader or interested in cryptocurrency, having accurate buy and sell indications on your chart can greatly enhance your trading strategy. In this article, we will show you how to get these indications completely free using the TradingView platform. By following these steps, you can make more informed trading decisions and potentially increase your profits.

Step 1: Visit TradingView.com

The first step is to visit the TradingView website. TradingView is a popular platform among traders and investors, offering a wide range of tools and features to analyze financial markets. It provides access to various indicators that can help you identify potential buy and sell signals.

Step 2: Go to Indicators and Search for “Optimized Trend Tracker”

Once you’re on the TradingView website, navigate to the “Indicators” section. Here, you can search for different indicators to add to your chart. In this case, we want to search for the “Optimized Trend Tracker” indicator. This indicator is known for its accuracy in predicting market trends.

Step 3: Adjust the Indicator Settings

After selecting the “Optimized Trend Tracker” indicator, you’ll need to adjust the settings to customize it according to your preferences. In the indicator settings, change the “OTT period” to 7 and the percentage to 1.5. Additionally, change the EMA (Exponential Moving Average) to a VAR (Variable).

Step 4: Analyze the Buy and Sell Indications

With the indicator settings adjusted, you can now analyze the buy and sell indications on your chart. The “Optimized Trend Tracker” indicator will provide you with predictions of potential price movements. For example, it may indicate a 25% move to the downside on bitcoin.

Step 5: Customize the Indicator Style

If you prefer a cleaner chart, you can customize the indicator style to remove certain elements. Head back to the indicator settings and go to the “Style” tab. From there, you can remove the support line, OTT (Optimized Trend Tracker) highlights, and uptrend/downtrend highlighters. This will give you a more streamlined view of the buy and sell indications.

Join a Free Crypto Discord Server for Indicator Strategies

If you’re interested in learning more about indicator strategies for crypto trading, you can join a completely free crypto Discord server. This server will provide you with valuable insights and strategies to improve your trading performance. By joining a community of like-minded traders, you can exchange ideas and stay updated on the latest trends in the cryptocurrency market.

Frequently Asked Questions

1. How accurate are the buy and sell indications provided by the “Optimized Trend Tracker” indicator?

The accuracy of the buy and sell indications can vary depending on market conditions and other factors. It’s important to use these indications as a tool for analysis and not rely solely on them for making trading decisions. It’s always recommended to conduct thorough research and consider multiple indicators and factors before entering or exiting a trade.

2. Can I use the “Optimized Trend Tracker” indicator for other cryptocurrencies besides Bitcoin?

Yes, the “Optimized Trend Tracker” indicator can be used for analyzing other cryptocurrencies as well. It provides predictions based on market trends, so you can apply it to any cryptocurrency that is supported on the TradingView platform. However, it’s important to remember that each cryptocurrency has its own unique characteristics and price movements, so it’s essential to consider these factors when using the indicator.

3. Are there any additional indicators or tools I should consider using alongside the “Optimized Trend Tracker” indicator?

While the “Optimized Trend Tracker” indicator can provide valuable insights, it’s always beneficial to use multiple indicators and tools for a comprehensive analysis. Some popular indicators that traders often use alongside the “Optimized Trend Tracker” include Moving Averages, Relative Strength Index (RSI), and Bollinger Bands. These indicators can provide additional confirmation and help you make more informed trading decisions.

Conclusion

Having accurate buy and sell indications on your chart is crucial for successful trading. By following the steps outlined in this article, you can easily add the “Optimized Trend Tracker” indicator to your TradingView chart and customize it according to your preferences. Remember to use these indications as a tool for analysis and consider other factors before making trading decisions. Joining a free crypto Discord server can also provide you with valuable insights and strategies to improve your trading performance. Happy trading!