How to Choose a Cryptocurrency Screener for Buying, Selling and Arbitrage Trades

The ability to buy and sell cryptocurrencies can be an important source of income for a trader. However, it must be borne in mind that such activities are associated with significant risks. Buying and selling cryptocurrencies requires professionalism from market participants. But even in the best case, there is no guarantee that every trade is a winner. In exchange trading, profits are made due to the fact that the total income for a certain period will exceed the losses for the same time. In many ways, trading cryptocurrencies resembles other types of exchange trading, but there are significant differences that you need to remember. First of all, they are determined by the nature of such assets. There are hundreds of types of cryptocurrencies, the price of each of which fluctuates to a large extent under the influence of random circumstances.

With this screener, a trader can see information about the current state of the types of cryptocurrencies presented and select those that look the most promising for work. This screener is very popular, but the default view could be improved. Here, by default, only changes in the last 24 hours are shown, while longer periods may be of interest.

Free Trial Cryptocurrency Screener Tradingview

You can use the screener by clicking on the link https://ru.tradingview.com/crypto-screener/.

This screener is available not only through the web interface, but also through the application for smartphones.

The service not only provides information about cryptocurrencies, but also allows you to use a specialized scripting language. There is not only a free, but also an extended version, which offers more opportunities for productive work with cryptocurrencies. The platform provides all the necessary information about cryptocurrencies to enable a trader to make trading decisions. For each coin, it displays: current price, recent changes in percentage and value, maximum and minimum values ​​for a certain period, volume, recommendations, exchange.
If the cryptocurrency is traded on different exchanges, then a separate line will be assigned for each of them. The recommendations indicated in the table may become the basis for entering or exiting a trade, but keep in mind that they do not guarantee profitability. To be more efficient, a trader must rely on the signs that match the trading system he is using. If necessary, you can open a chart for the selected currency. Graphical information will complement that contained directly in the table. The screener has the ability to set a variety of filters for the table according to various parameters: cost, the amount of change for different periods, the level of capitalization of the coin, and others. Here you will find detailed data for traders working with cryptocurrencies. However, I would like so that information about commissions on various exchanges and bonuses available there is added to it. Another disadvantage is the need for paid access to get all the available opportunities for work.

Arby Trade – Cryptocurrency Screener for Binance

The screener monitors trading on the Binance exchange. You can go to the service at the link https://arby.trade/. There are over 130 instruments that are traded here. The service is paid and offers traders several different rates. For each coin, you need to see quote charts in timeframes from 5 minutes to a month.
The color of the graph indicates recommendations for certain actions. If it is red, then the preferred behavior is buying, and if it is green, then selling. Situations with different recommendations can be fixed on different timeframes.
Here, as well as on other screeners, you can work with data presented in the form of a table. By clicking on the corresponding line, you can open a page with charts of changes in the value of the selected instrument. As a disadvantage, one can consider the paid nature of the provision of services. How to use and work with the cryptocurrency screener in practice – video review of crypto screener: https://youtu.be/oGlW7IJahdA

comparison table

In order to compare the capabilities of screeners, you can summarize the information presented in a table.

Screener	Address	free	Working with multiple exchanges
OpexFlow	https://opexflow.com/	Yes	Not
scalpcore	https://trendcore.io/level/	Yes	Yes
scalplive	https://scalp.live/app/	Yes	Not
Marcetcap	https://marketcap.com/	Yes	Yes
Trading View	https://ru.tradingview.com/crypto-screener/	There is a free plan	Yes
Arby Trade	https://arby.trade/	Not	Not

How to use the cryptocurrency screener

When working with cryptocurrencies, it is important for a trader to choose the right coin for work. Opportunities can arise frequently, but they need to be able to detect them in time. To do this, it is not only necessary to receive all the necessary information in a timely manner, but also to carry out a preliminary analysis of the situation on the market. The trader needs to select one or more screeners with which he will work. In most cases, they offer similar basic features. In order to work in the market, it is necessary to use a certain trading system. In accordance with her recommendations, a filter is installed on the service, which will help to make a preliminary selection of promising situations. Then the analysis is performed and a trading decision is made. This can be, for example, the purchase, sale of currencies or the execution of arbitrage transactions. For example,