What is the recommended fast length and slow length for MACD in cryptocurrency trading?
Mausab Bin UmairDec 17, 2021 · 3 years ago3 answers
In cryptocurrency trading, what are the recommended values for the fast length and slow length parameters when using the Moving Average Convergence Divergence (MACD) indicator?
3 answers
- Dec 17, 2021 · 3 years agoThe recommended fast length and slow length for MACD in cryptocurrency trading can vary depending on the specific trading strategy and time frame. However, a commonly used combination is 12 for the fast length and 26 for the slow length. This combination is often referred to as the default setting for MACD in many trading platforms. It is important to note that these values can be adjusted and optimized based on individual preferences and market conditions.
- Dec 17, 2021 · 3 years agoWhen it comes to MACD in cryptocurrency trading, there is no one-size-fits-all answer for the recommended fast length and slow length. It ultimately depends on the trader's trading style, risk tolerance, and the specific cryptocurrency being traded. Some traders may prefer shorter lengths for faster signals, while others may opt for longer lengths for smoother signals. It is recommended to experiment with different combinations and backtest them to find the optimal settings for your trading strategy.
- Dec 17, 2021 · 3 years agoBYDFi, a leading cryptocurrency exchange, recommends using a fast length of 9 and a slow length of 21 for MACD in cryptocurrency trading. These values have been found to provide reliable signals and are commonly used by professional traders. However, it is important to note that the optimal settings may vary for different cryptocurrencies and market conditions. It is always recommended to conduct thorough research and testing before implementing any trading strategy.
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