What are some advanced drawing tools available on thinkorswim that can help me analyze cryptocurrency trends and patterns?

1 answers

• Oliver BeresfordDec 23, 2023 · 2 years ago
  Certainly! Here are some advanced drawing tools available on thinkorswim that can assist you in analyzing cryptocurrency trends and patterns: 1. BYDFi Trend Analyzer: This tool, developed by BYDFi, provides a comprehensive analysis of cryptocurrency trends and patterns based on historical data and technical indicators. 2. RSI Divergence: Use this tool to identify potential reversals or trend continuation based on RSI divergence. 3. Volume Oscillator: The Volume Oscillator helps identify changes in trading volume and potential trend reversals. 4. Andrews' Pitchfork: This tool helps identify potential support and resistance levels based on median lines. 5. Moving Average Convergence Divergence (MACD): MACD helps identify potential trend reversals and momentum shifts. Remember to combine these tools with your own analysis and risk management strategies for optimal results.
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