TradingView Crypto Screener
Guide & Tutorials

Best Recommended Settings for a TradingView Crypto Screener

TradingView is in a good position to provide traders and investors with a choice of different tools meant to analyze financial markets, including an easily adaptable cryptocurrency screener. With the right settings in place, you can easily sort out the potential trade opportunities in the huge world of digital currencies (cryptocurrencies). This article will highlight and guide you through the best TradingView crypto screener settings that you can use to enhance your trading strategy.

Setting Up Your Crypto Screener

To start using the TradingView crypto screener, find “Screeners” tab on the TradingView platform and choose “Cryptocurrencies”. These are some important settings and filters:

1. Capitalization Market

Market Cap Filter: One of the first modifications one should make is market capitalization filter feature. Thus, it helps you concentrate on those cryptocurrencies that fit your investment preferences:

Large-cap: Cryptocurrencies whose market cap is above $10 billion which are generally deemed more stable thus less volatile.

Mid-cap: Cryptocurrencies with a market cap between $1 billion and $10 billion that offer balanced risks versus rewards.

Small-cap: Cryptos whose market capitalization falls below $1billion thereby have higher returns but also more volatility.

2. Volume

Volume: The volume traded represents liquidity; thus, it is crucial to consider while filtering cryptos according to liquidity indicators. So set volume filter as follows:

High Volume: Focus only on highly traded cryptos so that entering or exiting positions isn’t problematic for you.

Low Volume: For example, if you are searching less popular cryptocurrencies with possible breakout moves.

3. Technical Indicators

RSI (Relative Strength Index): Using RSI filter, you can see if an asset is overbought or oversold. For instance,

RSI < 30: It suggests being in a state of oversold which might be regarded as a buying opportunity.

RSI > 70: It indicates that the given cryptocurrency is overbought and could be taken as a point to sell.

Moving Averages: The moving averages help in identifying trends:

Simple Moving Average OR Exponential Moving Average: Create filters showing cryptos above/below certain moving averages (e.g. 50-day SMA) for you to understand how strong the trend is.

4. Performance Metrics

Price Change Filters: Filter out digital currencies in accordance with their performance change within different periods of time:

1-Day, 7-Day, 30-Day Change: Thus it allows finding momentum for a short span of time or long trending periods; e.g., notable gains during the last week but now slightly pulling back for potential purchase points.

52-Week High/Low: Therefore locating cryptos near their two-week high/low provides hints on breakouts or reversals.

5. Alerts & Custom Indicators

Custom Indicators: Traders have access to custom indicators through Pine Script available on TradingView. These should be included in your screener to customize it specifically for your trading strategy.

Setting Alerts: After setting up the screener, create alerts that let you know when one meets your criteria. This way you won’t miss any chance of making profit yet not having enough time to keep track with everything happening around cryptocurrencies market.

FAQs

Q1: Can I use the TradingView screener for free?

Yes, TradingView has a free version of its platform that has basic screening capabilities. However, some advanced features may require a paid subscription.

Q2: How often should I update my screener settings?

It is advisable to review and change your screener settings at least once per week or after significant changes in the market occur.

Q3: Can I share my screener settings with others?

Yes, it is possible to share your custom screeners and indicators with the community where you can work together in analyzing it all.

Conclusion

TradingView Crypto Screener is a flexible tool that can drastically improve your trading strategy if you get it right. When adjusted by market cap, volume, technical indicators and performance measures, this narrows down the analysis to the best coins. Regularly updating your settings and using custom indicators and alerts will keep you ahead of the market trends and improve your trading outcomes. The following principles will be helpful whether you are an amateur or a seasoned trader in making most out of Tradingview crypto screener.

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