What are the best settings to use for the advanced ichimoku indicator when trading digital currencies?

3 answers

• Dec 26, 2021 · 3 years ago
  The best settings for the advanced ichimoku indicator when trading digital currencies may vary depending on your trading strategy and preferences. However, a commonly used setting is the default setting, which includes the conversion line (9-period moving average), base line (26-period moving average), and leading span A and B (calculated based on the conversion and base lines). These settings provide a good balance between responsiveness and reliability. It's important to note that the ichimoku indicator is just one tool among many, and it's recommended to use it in conjunction with other technical analysis indicators for better decision-making.
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• Dec 26, 2021 · 3 years ago
  When it comes to the advanced ichimoku indicator, there is no one-size-fits-all answer to the best settings. It ultimately depends on your trading style and the specific digital currencies you're trading. Some traders prefer to tweak the settings to make the indicator more sensitive to price movements, while others prefer a more conservative approach. It's a good idea to experiment with different settings and backtest your strategies to see what works best for you. Remember, trading digital currencies involves risks, and it's important to do your own research and make informed decisions.
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• Dec 26, 2021 · 3 years ago
  BYDFi, a popular digital currency exchange, recommends using the default settings for the advanced ichimoku indicator. These settings have been widely used by traders and are considered a good starting point. However, it's important to note that the best settings may vary depending on market conditions and individual trading strategies. It's always a good idea to stay updated with the latest market trends and adjust your settings accordingly. Remember, trading digital currencies involves risks, and it's important to trade responsibly and make informed decisions.
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