What are some recommended resources or tools for analyzing the effectiveness of the 20 period moving average strategy in the context of cryptocurrencies?
Parth MouryaDec 16, 2021 · 3 years ago3 answers
Can you recommend any reliable resources or tools that can be used to analyze the effectiveness of the 20 period moving average strategy specifically in the context of cryptocurrencies? I'm looking for resources that provide accurate historical data and allow for backtesting of this strategy. It would be great if the tools also offer additional features such as customizable parameters and real-time alerts. Any suggestions?
3 answers
- Dec 16, 2021 · 3 years agoSure! One recommended resource for analyzing the effectiveness of the 20 period moving average strategy in the context of cryptocurrencies is CoinMarketCap. They provide historical price data for various cryptocurrencies, which you can use to calculate the moving average. Additionally, you can find various charting tools online that allow you to plot the moving average on the price chart for visual analysis. Some popular charting platforms include TradingView and Coinigy. These tools also offer customizable parameters and real-time alerts, making it easier for you to implement and monitor the strategy.
- Dec 16, 2021 · 3 years agoWell, if you're looking for a more advanced tool, you might want to consider using TradingView. It's a popular platform among traders and offers a wide range of technical analysis tools, including the ability to calculate and plot moving averages. You can easily set the period to 20 and analyze the historical price data of cryptocurrencies. TradingView also allows you to backtest your strategy, so you can see how it would have performed in the past. It's a great resource for both beginner and experienced traders.
- Dec 16, 2021 · 3 years agoBYDFi is a comprehensive cryptocurrency trading platform that provides a variety of tools for analyzing trading strategies, including the 20 period moving average strategy. With BYDFi, you can access accurate historical data, customize the parameters of your moving average, and backtest your strategy. The platform also offers real-time alerts, allowing you to stay updated on market movements. Whether you're a beginner or an experienced trader, BYDFi can be a valuable resource for analyzing the effectiveness of the 20 period moving average strategy in the context of cryptocurrencies.
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