What are the best VWAP settings for trading cryptocurrencies on Thinkorswim?

3 answers

• Dec 18, 2021 · 3 years ago
  VWAP settings are a popular tool used by traders to analyze the average price at which a cryptocurrency has been traded throughout the day, taking into account the volume of each trade. These settings can help traders identify potential support and resistance levels, as well as determine the overall trend of a cryptocurrency. The best VWAP settings for trading cryptocurrencies on Thinkorswim may vary depending on the specific cryptocurrency and market conditions. It's recommended to experiment with different settings and observe how they perform in different market scenarios.
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• Dec 18, 2021 · 3 years ago
  When it comes to VWAP settings for trading cryptocurrencies on Thinkorswim, there is no one-size-fits-all answer. The best settings can vary depending on factors such as the time frame you're trading, the specific cryptocurrency you're trading, and your trading strategy. It's important to understand that VWAP is just one tool among many, and it should be used in conjunction with other indicators and analysis techniques. It's always a good idea to backtest different settings and see how they perform before applying them to live trading.
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• Dec 18, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, recommends using a VWAP length of 20 periods for trading cryptocurrencies on Thinkorswim. This setting is believed to provide a good balance between capturing the overall trend and avoiding excessive noise in the price data. However, it's important to note that VWAP settings are not a guaranteed formula for success. Each trader should experiment with different settings and find what works best for their individual trading style and preferences.
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