External Analysis Tools
External applications to enrich trading decisions.
Beginner-friendly explanation
External analysis tools are apps that help better understand the market: charts, indicators, news, alerts. They are independent from trading platforms.
Example: You use TradingView to analyze Bitcoin even though you trade on Binance.
Intermediate-level insight
These tools often provide advanced features: backtesting, alert signals, data aggregation, cross-asset comparison. When used wisely, they enable better decision-making.
Example: You use CoinMarketCap to spot cryptos gaining volume before considering a trade.
Advanced perspective
External analysis tools can be integrated into complex strategies (quantitative analysis, anomaly detection, machine learning). Some traders automate all or part of their analysis with these tools.
Example: You program an automatic alert on TradingView based on a moving average crossover and abnormal volume.
Tools & Automation
analysis tools, tradingview, coinmarketcap, trading alerts, data aggregation, quantitative analysis