Are there any recommended settings for the triple exponential moving average when analyzing cryptocurrency charts?
Prashant KumarDec 27, 2021 · 3 years ago3 answers
When analyzing cryptocurrency charts, I want to use the triple exponential moving average (TEMA) as one of my indicators. However, I'm not sure what settings I should use for the TEMA. Are there any recommended settings for the TEMA when analyzing cryptocurrency charts?
3 answers
- Dec 27, 2021 · 3 years agoThe recommended settings for the triple exponential moving average (TEMA) when analyzing cryptocurrency charts can vary depending on the specific cryptocurrency and the time frame you are analyzing. However, a commonly used setting for the TEMA is a period of 10. This means that the TEMA will calculate the average of the last 10 closing prices, giving more weight to the most recent prices. It's important to note that the TEMA is just one tool in your technical analysis toolbox and should be used in conjunction with other indicators and analysis techniques.
- Dec 27, 2021 · 3 years agoWhen it comes to the triple exponential moving average (TEMA) and analyzing cryptocurrency charts, there isn't a one-size-fits-all answer for the recommended settings. The optimal settings for the TEMA can vary depending on the specific cryptocurrency, the time frame you are analyzing, and your trading strategy. It's recommended to experiment with different settings and see which ones work best for your specific needs. Additionally, it's important to consider using the TEMA in combination with other indicators to get a more comprehensive view of the market.
- Dec 27, 2021 · 3 years agoWhen analyzing cryptocurrency charts, it's important to consider the triple exponential moving average (TEMA) as one of your indicators. While there are no specific recommended settings for the TEMA, it's important to understand how it works and how it can be customized to fit your trading strategy. At BYDFi, we recommend using a period of 14 for the TEMA when analyzing cryptocurrency charts. However, it's important to note that this is just a starting point and you may need to adjust the settings based on the specific cryptocurrency and time frame you are analyzing. Remember, the TEMA is just one tool in your toolbox and should be used in conjunction with other indicators and analysis techniques to make informed trading decisions.
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