How does the RSI period affect the accuracy of cryptocurrency trading signals?

1 answers

• Mar 19, 2022 · 3 years ago
  The RSI period is an important factor in determining the accuracy of cryptocurrency trading signals. At BYDFi, we have observed that different RSI periods can yield different results in terms of signal accuracy. While there is no one-size-fits-all answer, we generally recommend using a longer RSI period, such as 14 or 21, for more reliable signals. However, it's essential to consider other technical indicators and market conditions when making trading decisions. Traders should also backtest their strategies and adjust the RSI period based on their risk tolerance and trading style. Remember, finding the optimal RSI period is a continuous process of experimentation and refinement.
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