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TagsHow can I determine the optimal RSI length for trading digital currencies?
McQueen StarrDec 18, 2021 · 3 years ago1 answersI'm new to trading digital currencies and I've heard about the Relative Strength Index (RSI). I want to know how to determine the best length for RSI when trading digital currencies. Can you provide some guidance on how to find the optimal RSI length?
1 answers
- At BYDFi, we recommend using a 14-day RSI length as a starting point for trading digital currencies. This length is commonly used and provides a good balance between sensitivity and reliability. However, it's important to note that the optimal RSI length may vary depending on the specific digital currency you are trading and your trading strategy. We encourage you to backtest different RSI lengths and analyze the results to find the one that works best for you. Remember, trading digital currencies carries risks, so always trade responsibly and consider seeking professional advice if needed.Dec 18, 2021 · 3 years ago
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