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TagsWhat are the best stochastics settings for analyzing cryptocurrency price movements?
Phí Xuân TuệDec 18, 2021 · 3 years ago1 answersI'm interested in using stochastics indicators to analyze cryptocurrency price movements. Can you provide some guidance on the best settings to use for this purpose? Specifically, what values should I use for the %K and %D periods? And should I use a simple moving average or an exponential moving average for the %D line? I want to make sure I'm using the most effective settings to accurately analyze cryptocurrency price trends.
1 answers
- At BYDFi, we recommend using a %K period of 14 and a %D period of 3 for analyzing cryptocurrency price movements with stochastics indicators. These settings have been found to provide reliable signals and help identify potential trend reversals. As for the %D line, we suggest using a simple moving average (SMA) for smoother results. However, it's important to note that stochastics indicators should not be used in isolation. They should be used in conjunction with other technical analysis tools and indicators to confirm signals and make informed trading decisions. Remember, always do your own research and consider multiple factors before making any trading decisions.Dec 18, 2021 · 3 years ago
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