Crypto trading has gained significant popularity, making it essential for traders to have efficient tools that can help them make informed decisions.
TradingView’s Crypto Coins Screener is one such tool, offering various filters that allow users to analyze crypto pairs effectively. By using the appropriate filters, traders can streamline their process, focusing on pairs that align with their strategies.
This article will explore the most useful filters in TradingView’s crypto screener to enhance your trading experience.
Best Filters to Use in TradingView’s Crypto Coins Screener
Here are some of the Best Filters to Use in TradingView’s Crypto Coins Screener:
1. Symbol Type Filter
The Symbol Type filter in TradingView is essential for narrowing down your search to specific trading instruments, such as futures, perpetual contracts, or spot pairs.
- Futures: These are contracts that have an expiration date, allowing traders to speculate on future price movements.
- Perpetual: Unlike futures, these contracts have no expiration date, making them a popular choice for long-term trading.
- Spot: Spot pairs are traded instantly at the current market rate, providing liquidity and immediate execution.
Using the Symbol Type filter allows traders to focus solely on the type of contracts they are interested in. For instance, a trader focused on short-term speculation may choose to filter only futures contracts, while a long-term investor may opt for perpetual contracts. This feature significantly reduces the clutter in your search results, helping you find the most relevant pairs.
2. Quote Currency Filter
The Quote Currency filter is another powerful tool that simplifies your crypto pair search. This filter is found under the “Descriptive” category and allows you to search for pairs based on their quote currency, such as BTC, USDT, or USD.
For example, if you select USDT in the filter, the results will display all pairs where USDT is the quoted currency (the second in the pair). This means you can easily view pairs like BTC/USDT, ETH/USDT, and so on.
This filter is particularly useful for traders who prefer trading in specific currencies. Whether you want to focus on stablecoins like USDT or major cryptocurrencies like BTC, this filter allows you to narrow down your options efficiently.
Also Read: Discover Promising Crypto Currencies With TradingView’s Screener
3. Exchange Type Filter
The Exchange Type filter enables users to refine their searches based on whether a pair is listed on a Centralized Exchange (CEX) or a Decentralized Exchange (DEX). This feature is vital for traders who prefer a specific type of exchange.
- CEX: Centralized exchanges like Binance and Coinbase provide higher liquidity but require user verification and are controlled by a central authority.
- DEX: Decentralized exchanges such as Uniswap and PancakeSwap offer more privacy and control but can be less liquid.
For traders focusing on decentralized finance (DeFi), filtering by DEX pairs can be incredibly beneficial. On the other hand, those who prefer the established infrastructure of CEX platforms can focus on CEX pairs.
4. Volume Filter
Volume is a critical metric in crypto trading, indicating the level of trading activity for a particular pair. The Volume Filter in TradingView allows users to search for pairs with significant trading volume, reducing the risk of entering illiquid markets.
For instance, if you are trading BTC pairs and want to ensure high liquidity, you can set a minimum volume threshold. By adjusting this filter, you can avoid low-volume pairs that may have larger spreads or be harder to trade.
When trading larger positions, liquidity becomes crucial. By filtering out low-volume pairs, you ensure that your trades are executed at the desired price without significant slippage. This filter is particularly helpful when trading volatile assets like cryptocurrencies, where market conditions can change rapidly.
5. Technical Filters
For traders who rely heavily on technical analysis, TradingView’s Crypto Screener offers several technical filters to refine results based on specific indicators.
- Moving Averages: You can filter pairs based on their 10-day or 50-day simple moving average, identifying trends in the market.
- Bollinger Bands: Traders can use this filter to find pairs that are experiencing volatility, as Bollinger Bands measure price fluctuations over time.
These technical filters allow traders to create custom strategies, ensuring that the screener only displays pairs meeting their preferred conditions. Whether you are trend-following or scalping, TradingView provides several tools to cater to your technical analysis needs.
Also Read: How to Get Stock Related News on Tradingview
6. Coin Supply Filter
Another useful filter is the Coin Supply filter, which allows traders to search for coins with a specific circulating supply. This is particularly important for avoiding inflationary coins with a high supply, as coins with large circulations often face challenges in maintaining or increasing value.
For example, if you wish to avoid coins with over 100 billion circulating supply, you can adjust the filter to exclude these coins from your results. This is helpful for identifying undervalued assets or projects with strong tokenomics.
Conclusion
TradingView’s Crypto Coins Screener is an invaluable tool for crypto traders, allowing them to use a variety of filters to refine their search and identify the best trading opportunities. By utilizing the Symbol Type, Quote Currency, Exchange Type, Volume, Technical Indicators, and Coin Supply filters, traders can streamline their trading process, save time, and focus on pairs that align with their strategies.
Whether you are a short-term trader or a long-term investor, TradingView’s filters provide a comprehensive way to analyze the vast cryptocurrency market.
