Description
The Diamond Indicator on TradingView is a proprietary tool developed by Diamond Trading Systems, designed to assist traders in identifying potential buy and sell signals through a combination of custom oscillators and the Relative Strength Index (RSI). It comprises three custom oscillators alongside the RSI to visualize momentum fluctuations, aiming to highlight periods of increasing or decreasing momentum. The indicator is particularly effective in the cryptocurrency market, especially with high market cap coins and USDT pairs, and is recommended for use on timeframes of 4 hours and above, with a preference for 6-hour and daily charts. By analyzing momentum and detecting divergences, the Diamond Indicator aids traders in making informed decisions regarding market entries and exits.
Reviews
There are no reviews yet.