In the fast-paced world of cryptocurrency trading, having reliable tools at your disposal is essential for identifying trading opportunities and managing risk effectively. TradingView’s Crypto Pairs Screener is one such indispensable tool, offering traders the ability to filter and track various cryptocurrency pairs in real-time.
This article will explore the best filters available in TradingView’s Crypto Pairs Screener, how to use them effectively, and how they can enhance your overall trading strategy. We will also discuss the benefits of each filter and how to integrate them into your trading routine to optimize results.
What is Crypto Pairs Screener?
Before diving into specific filters, it’s essential to understand the core purpose of the Crypto Pairs Screener. This screener allows traders to track, analyze, and filter cryptocurrency pairs based on a wide range of criteria. Whether you’re searching for crypto pairs with the highest trading volume or specific pairs listed on certain exchanges, this tool provides valuable insights.
The tool’s primary goal is to simplify the decision-making process by presenting traders with only the most relevant crypto pairs based on their chosen parameters. The following filters are among the most powerful and useful for cryptocurrency traders.
Also Read: Using Crypto Pairs Screener for Bitcoin and Altcoin Trading
Key Filters in TradingView’s Crypto Pairs Screener
Here are some of the key filters in Tradingview’s crypto Pairs Screener:
1. Symbol Type Filter
The Symbol type filter is a crucial tool for traders who want to work with specific types of cryptocurrency contracts. This filter allows you to narrow down your search by symbol types, such as futures, perpetual contracts, and spot pairs. Here’s a breakdown of each:
- Futures: A futures contract is a formal agreement to purchase or sell an asset at a predetermined price on a specified date in the future. These contracts include an expiration date.
- Perpetual Contracts: A unique form of futures contracts without an expiration date, which allows traders to maintain their positions without worrying about contract expiry.
- Spot Pairs: Spot pairs involve the immediate exchange of one cryptocurrency for another at the current market price.
Using the symbol type filter can help traders focus on specific types of instruments that match their strategy. For instance, if you prefer trading perpetual futures, you can quickly filter out spot and standard futures contracts, reducing market noise.
2. Quote Currency Filter
The quote currency filter simplifies the process of finding crypto pairs by their quote currencies (the second currency in a pair). This filter is particularly helpful for traders focused on specific quote currencies like USDT, BTC, or ETH.
Example: If you’re looking for pairs with USDT (Tether) as the quote currency, applying this filter will display all crypto pairs that have USDT as the second currency, regardless of whether the pair is a spot or futures pair.
This is especially useful if you frequently trade using stablecoins like USDT or are interested in trading only certain base currencies. Filtering by quote currency helps traders pinpoint opportunities quickly without the need to sift through unrelated pairs.
3. Exchange Type Filter
The exchange type filter allows traders to filter crypto pairs by exchange types, whether they are centralized exchanges (CEX) or decentralized exchanges (DEX). This distinction is essential depending on your trading preferences:
- CEX (Centralized Exchange): Trades are facilitated through a centralized platform, such asBinance or Coinbase.
- DEX (Decentralized Exchange): Trades occur peer-to-peer on decentralized networks without intermediaries, like Uniswap or PancakeSwap.
If your trading strategy involves a preference for decentralized platforms or you want to focus on liquidity on centralized exchanges, this filter helps customize your search accordingly.
4. Price Change Percentage Filter
One of the most widely used filters is the price change percentage filter, which allows traders to filter crypto pairs based on how much their prices have moved in a specified period. This filter is especially valuable for identifying pairs experiencing significant volatility, which could present potential trading opportunities.
Traders often set this filter to show pairs with the highest percentage price changes over a 24-hour period, indicating increased activity that may align with their trading strategy.
Example: If you are a day trader looking for volatile pairs, you could set the price change filter to show all pairs with a price change above 10%. This would focus your search on pairs that have experienced significant movement in the last 24 hours.
Also Read: Key Metrics to Watch in TradingView’s Stock Screener
5. Volume Filter
Another critical metric for traders is volume, and the volume filter lets users filter crypto pairs based on their trading volume. High-volume pairs typically offer better liquidity, which can make it easier to enter and exit positions without slippage.
This filter is beneficial for both short-term and long-term traders, as high-volume pairs are generally considered more reliable and less prone to manipulation. If you are looking for pairs with substantial trading activity, this filter should be a go-to.
Example: Setting the filter to display pairs with a minimum volume threshold of 1,000,000 ensures that only actively traded pairs are shown.
6. Market Capitalization Filter
For those interested in longer-term investments or pairs with solid market backing, the market capitalization filter is invaluable. It enables traders to filter pairs by the total market cap of the underlying cryptocurrencies, ensuring they are dealing with assets that have a significant market presence.
Example: You might set the market cap filter to only show crypto pairs where both assets have a market cap greater than $1 billion, focusing on more established cryptocurrencies.
Practical Tips for Using Crypto Pairs Filters
Combining Filters for Precision
The real power of TradingView’s Crypto Pairs Screener lies in the ability to combine multiple filters to create a highly tailored search. For example, you could combine the symbol type filter with the quote currency and volume filters to find high-volume USDT perpetual pairs.
Customizing Alerts
Once you’ve set your filters, consider creating custom alerts based on the conditions that matter most to you. For example, you can set an alert for a specific pair when its volume exceeds a certain threshold or its price changes by a specific percentage.
Final Thoughts
TradingView’s Crypto Pairs Screener offers a range of filters that allow traders to hone in on the crypto pairs that best match their trading strategies. Whether you’re focused on futures, spot pairs, or decentralized exchange offerings, using filters like symbol type, quote currency, and volume can streamline your trading process. By leveraging these filters effectively, you can reduce market noise, identify opportunities, and manage risk more efficiently.
By consistently using these filters in your trading routine, you’ll be able to make faster, more informed decisions in the volatile world of cryptocurrency. Remember, combining filters for precision and setting up alerts for key market movements can give you the edge needed to stay ahead in the competitive crypto market.
