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What are the key features to consider when choosing a reliable crypto indicator?

avatarNocluewhatiamdoingDec 17, 2021 · 3 years ago1 answers

When it comes to choosing a reliable crypto indicator, what are the key features that one should consider? What factors should be taken into account to ensure the accuracy and effectiveness of the indicator?

What are the key features to consider when choosing a reliable crypto indicator?

1 answers

  • avatarDec 17, 2021 · 3 years ago
    When choosing a reliable crypto indicator, it's important to consider the reputation and track record of the indicator's developer. Look for indicators that are developed by experienced professionals or reputable companies in the crypto industry. Additionally, consider the indicator's accuracy and consistency. Does it provide reliable signals consistently over time? Another important factor to consider is the availability of backtesting features. A reliable indicator should allow you to backtest its signals using historical data to evaluate its performance. Lastly, consider the cost of the indicator. While some indicators may come with a price tag, it's important to weigh the cost against the potential benefits and the indicator's track record. By considering these key features, you can choose a reliable crypto indicator that aligns with your trading goals and strategies.