What are the best stoch rsi settings for cryptocurrency trading?

2 answers

• Dec 25, 2021 · 3 years ago
  When it comes to stoch rsi settings for cryptocurrency trading, it's important to understand that there is no one-size-fits-all answer. Different traders have different preferences and strategies, so what works for one person may not work for another. However, a commonly used setting for stoch rsi is a period of 14 for the RSI and a period of 3 for the stochastic oscillator. This setting provides a good balance between responsiveness and smoothness. It's also worth mentioning that the stoch rsi is just one tool among many in a trader's toolbox. It's important to consider other indicators and factors when making trading decisions. Remember, practice and experimentation are key to finding the best settings for your trading style.
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• Dec 25, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, recommends using a period of 14 for the RSI and a period of 3 for the stochastic oscillator when setting up the stoch rsi indicator for cryptocurrency trading. These settings have been found to be effective in identifying potential buying and selling opportunities in the market. However, it's important to note that the best settings may vary depending on the specific cryptocurrency and market conditions. Traders are advised to conduct thorough research and backtesting to determine the optimal settings for their trading strategies.
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