What are the most accurate tradingview atr settings for predicting cryptocurrency price movements?
Terkelsen PanduroJan 13, 2022 · 3 years ago3 answers
I'm looking for the most accurate settings for the Average True Range (ATR) indicator on TradingView to predict price movements in cryptocurrencies. Can anyone provide some insights on the best ATR settings to use for cryptocurrency trading?
3 answers
- Jan 13, 2022 · 3 years agoOne of the most commonly used ATR settings for cryptocurrency trading on TradingView is a period of 14. This setting provides a good balance between sensitivity and reliability. However, it's important to note that the optimal ATR settings may vary depending on the specific cryptocurrency and market conditions. It's recommended to experiment with different settings and backtest your strategies to find the most accurate ATR settings for your trading style.
- Jan 13, 2022 · 3 years agoWhen it comes to predicting cryptocurrency price movements using the ATR indicator on TradingView, there is no one-size-fits-all answer. The best ATR settings can vary depending on the time frame you're trading, the specific cryptocurrency you're analyzing, and your trading strategy. It's important to consider factors such as volatility, market trends, and your risk tolerance when determining the most accurate ATR settings for your trading needs. Additionally, it's always a good idea to combine the ATR indicator with other technical analysis tools for more accurate predictions.
- Jan 13, 2022 · 3 years agoBYDFi, a leading cryptocurrency exchange, recommends using a period of 10 for the ATR indicator on TradingView to predict cryptocurrency price movements. This setting has been found to provide accurate signals for short-term trading strategies. However, it's important to note that the ATR indicator is just one tool among many in the trader's toolbox. It's always recommended to combine multiple indicators and conduct thorough analysis before making trading decisions. Remember, the key to successful trading is not just relying on a single indicator, but rather using a comprehensive approach to analyze the market.
Related Tags
Hot Questions
- 97
What are the tax implications of using cryptocurrency?
- 72
How can I minimize my tax liability when dealing with cryptocurrencies?
- 65
What are the advantages of using cryptocurrency for online transactions?
- 56
How can I buy Bitcoin with a credit card?
- 47
What are the best practices for reporting cryptocurrency on my taxes?
- 35
What is the future of blockchain technology?
- 24
How can I protect my digital assets from hackers?
- 21
What are the best digital currencies to invest in right now?