Justmarkets
Icmarkets
Roboforex
Justmarkets
Justmarkets
Amarkets
Multibank
Justmarkets
Justmarkets
Forextime
Avatrade
Justmarkets
Justmarkets
Tmgm
FXPro
Justmarkets
The Best Forex Crypto Screeners: Features and Benefits
Trading is full of tools and technologies to help everyone start investing and raising their capital. Pro traders know the price of trading without any additional staff, but newcomers may not be acquainted with the true importance of such devices. To highlight this importance, today, we’d like to talk about one of these great tools — we’ll talk about Forex crypto screeners. What are they? What features and benefits do screeners have? And what screeners should you definitely try to find your match?
What is a Crypto Screener? How Does a Crypto Pair Screener Work?
So, what is a Forex cryptocurrency screener? Crypto screener, in simple words, is a unique tool that allows traders to filter instruments based on technical indicators and crucial data. It aims to help you find potential trading opportunities in the complex and volatile Forex market. The tool can filter and scan major trading cryptocurrency pairs in real time. Besides, with the crypto pairs screener, you can work with many metrics, technical indicators, and time frames.
The best part is that the crypto screener analyzes multiple sources and takes data from them, presenting this info in a user-friendly manner. The tool can scan and provide real-time and historical data, as well as predictive analytics. No wonder traders who are in good relationships with crypto pair screeners have better strategies and results.
Types of Crypto Screeners
The market is full of various crypto screeners, each designed to target specific trading needs and approaches. Knowing about these types can help you to find the most suitable for you. So, check the list below and waste no more time to add the best crypto screener into your trading routine.
#1. Crypto Market Screener
Use this crypto screener to have a broad overview of the cryptocurrency market. It allows traders to check and compare how different cryptocurrencies behave based on up-to-date metrics. Feel free to see them in the table below.
Table 1. Basic Metrics and Indicators
|
Price |
Current/historical prices of cryptocurrencies |
|
Volume |
Trading volume over time |
|
Market Cap |
The market capitalization of all cryptocurrencies |
|
Circulating Supply |
The number of coins that currently circulate |
|
Price Changes |
Percentage change in price over different time frames |
#2. Crypto Pairs Screener
This type of crypto screener analyzes trading pairs that are traded against each other. Check what crucial points it can help you with.
Table 2. How to Analyze Crypto Pairs
|
Bid-Ask Spread |
Difference between the highest price a buyer wants to pay and the lowest one a seller can accept |
|
Volume |
Quantity of trading pairs traded in a specific period |
|
Volatility |
Variations in trading prices and their degree |
|
Correlation |
Correlation between the price changes of two cryptocurrencies |
#3. Technical Crypto Screener
And the last crypto screener we want to discuss in this chapter is technical. This type uses technical indicators to help you understand your trading opportunities. These are mathematical calculations built on volume data and historical prices. What factors it analyzes — see below.
Table 3. Technical Indicators Used
Moving Averages (MA) | Identifying trends by sorting out price data |
Relative Strength Index (RSI) | Speed and change of price movements |
Bollinger Bands | Market volatility and future price reversals |
Circulating Supply | The number of coins that currently circulate |
MACD (Moving Average Convergence Divergence) | The correlation between two moving averages |
RSI Crypto Screener
Now, let’s talk about the RSI crypto screener, which is focused on Relative Strength Index that helps recognize overbought and oversold conditions.
Importance of RSI in Trading
All in all, RSI is a technical indicator that measures what’s going on with price changes and how quickly things happen. Its range is 0-100, and it indicates the probability of reversal points. If the RSI value goes >70, the asset is likely overbought and can decrease soon, while the <30 number shows that the asset is oversold, so the price may increase. Use a crypto RSI screener to make more result-oriented descriptions about starting and ending positions.
Features of the Best Crypto Screeners
As you can see, crypto screeners can offer features that boost your trading efficiency and make your journey less puzzling and stressful. But are you a person of a deck or custom crypto screener? Find out by checking the table below.
Table 4. Customized vs Deck Screener Crypto
Feature | Custom Crypto Screener | Deck Crypto Screener |
Personalized Filters | Modern, user-defined criteria for filtering cryptocurrencies | Usually includes basic to pro filters |
Technical Indicators | Great range, customizable | Available, but may vary in customization options |
Fundamental Analysis | Involves vast project fundamentals like whitepapers | Include basic fundamental data only |
Alerts and Notifications | Personalized alerts built on user-defined criteria | Alerts may be available, focus on dashboard notifications |
User Interface | Customizable dashboard, user-defined widgets | Dashboard interface for multi-coin monitoring |
Multi-Coin Monitoring | Yes, with super-advanced comparison features | Yes, designed for checking multiple coins at a glance |
Using Crypto Screeners for Effective Trading
All crypto screeners can boost your trading performance and help you to achieve outstanding accuracy. However, they shouldnt necessarily be expensive — even free versions may provide a great experience.
Free Crypto Screeners
You can easily find the list of the best free crypto screeners online. But our sincere recommendation is to try the first crypto screener Binance has to offer, as well as the Crypto Coin screener from TradingView.
Binance Crypto Screener
This one is best for traders who work or want to work with Binance. It’s a straightforward, simple, well-integrated tool with cool screening features and direct trading functionality. Binance crypto screener is indeed good, as it is known and lovable on the market because of the brand’s reputation and surely good perks for trading analysis.
TradingView Crypto Coin Screener
The option is perfect for traders who prefer advanced tech analysis, customization features, and multiple sources that show all-in-one-package data. What makes a crypto coin screener stand out is that it stresses individual cryptocurrencies, not trading pairs. It allows for predicting the future behavior of specific coins on the basis of different metrics: volume, price, market cap, etc.
FAQ
By providing alerts and relevant data, crypto technical screeners can drastically help with risk management and loss prevention. Also, the tool identifies the best and worst opportunities to trade by scanning historical data and market tendencies.
To give a good view of cryptocurrency’s fundamental strength and potential, crypto pair screeners aggregate info from different sources, like social media, official announcements, and news.
There are plenty of free crypto screeners that analyze DeFu projects and tokens. Among the best crypto screeners free to use are CoinGecko, CoinMarketCap, DeFi Pulse, DappRadar, and DeBank. For more convenience, you can download each as a crypto screener app.