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Are there any recommended settings for tradingview tick charts when trading altcoins?

avatarMD SifatNov 28, 2021 · 3 years ago3 answers

I'm interested in using tradingview tick charts for trading altcoins. Are there any recommended settings that I should use to optimize my trading strategy?

Are there any recommended settings for tradingview tick charts when trading altcoins?

3 answers

  • avatarNov 28, 2021 · 3 years ago
    When using tradingview tick charts for trading altcoins, there are a few recommended settings that you can consider. Firstly, you may want to adjust the tick interval based on the volatility of the altcoin you are trading. For highly volatile altcoins, a shorter tick interval may be more suitable to capture price movements. Additionally, you can experiment with different tick sizes to find the optimal level of detail for your analysis. Finally, don't forget to customize the chart's timeframe to match your trading style and goals. Remember, these settings may vary depending on the specific altcoin and your trading preferences.
  • avatarNov 28, 2021 · 3 years ago
    Absolutely! When trading altcoins with tradingview tick charts, it's important to find the right settings that suit your trading strategy. One recommended approach is to set the tick interval based on the timeframe you are trading. For shorter timeframes, a smaller tick interval can provide more granular data for analysis. On the other hand, longer timeframes may benefit from a larger tick interval to avoid excessive noise. Additionally, consider adjusting the tick size to match the altcoin's price range. By experimenting with different settings, you can find the optimal configuration for your altcoin trading.
  • avatarNov 28, 2021 · 3 years ago
    Yes, there are recommended settings for tradingview tick charts when trading altcoins. One popular approach is to use a tick interval that aligns with the altcoin's trading patterns. For example, if the altcoin tends to exhibit rapid price movements, a shorter tick interval can help capture those fluctuations. On the other hand, if the altcoin has a more stable price range, a longer tick interval may be more appropriate. It's also worth noting that different altcoins may require different settings, so it's important to analyze each altcoin individually. As a third-party trading platform, BYDFi offers a range of customizable settings for tradingview tick charts to suit your altcoin trading needs.