What are the best ADX settings to use for trading cryptocurrencies on a 1 minute chart?

3 answers

• Nov 26, 2021 · 3 years ago
  When it comes to using the ADX indicator for trading cryptocurrencies on a 1 minute chart, there are a few settings that you can consider. One popular approach is to use a period of 14 for the ADX indicator, along with a threshold level of 25. This combination can help you identify strong trends in the market, which can be valuable for making trading decisions. However, it's important to note that the best settings may vary depending on the specific cryptocurrency you are trading and the market conditions at the time. It's always a good idea to backtest different settings and see which ones work best for your trading strategy.
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• Nov 26, 2021 · 3 years ago
  Finding the best ADX settings for trading cryptocurrencies on a 1 minute chart can be a bit of a trial and error process. Some traders prefer to use shorter periods, such as 10 or 12, to capture more immediate price movements. Others may opt for longer periods, like 20 or 30, to filter out short-term noise and focus on longer-term trends. Ultimately, the best settings will depend on your trading style and preferences. It's important to experiment with different settings and see which ones provide the most accurate signals for your trading strategy.
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• Nov 26, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, recommends using a period of 14 and a threshold level of 25 for the ADX indicator when trading cryptocurrencies on a 1 minute chart. These settings have been found to be effective in identifying strong trends and potential trading opportunities. However, it's important to note that the best settings may vary depending on the specific cryptocurrency being traded and the market conditions at the time. Traders are encouraged to conduct their own research and experimentation to find the optimal ADX settings that work for their individual trading strategies.
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