Are there any recommended settings or parameters for the Fisher Transform Indicator when analyzing cryptocurrencies?

1 answers

• Nov 24, 2021 · 3 years ago
  At BYDFi, we recommend using the Fisher Transform Indicator with a period of 10 and overbought/oversold levels of +0.5 and -0.5 when analyzing cryptocurrencies. However, it's important to note that these settings may not be suitable for all cryptocurrencies or trading strategies. It's always a good idea to experiment with different settings and parameters to find what works best for your specific needs. Additionally, it's important to consider other factors such as market conditions, volume, and news events when analyzing cryptocurrencies. Remember, trading cryptocurrencies involves risks, and it's important to stay informed and make educated decisions.
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