What are the recommended stochastic settings for day trading cryptocurrencies?

3 answers

• Dec 26, 2021 · 3 years ago
  When it comes to day trading cryptocurrencies, the recommended stochastic settings can vary depending on your trading strategy and the specific cryptocurrency you're trading. However, a common approach is to use a stochastic oscillator with a period of 14 and a %K and %D value of 3. This setting helps to identify overbought and oversold conditions in the market, which can be useful for making trading decisions. Keep in mind that these settings are not set in stone and you may need to adjust them based on market conditions and your own trading style.
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• Dec 26, 2021 · 3 years ago
  Alright, let's talk about the recommended stochastic settings for day trading cryptocurrencies. The period setting refers to the number of time periods used to calculate the stochastic oscillator. A period of 14 is commonly used, but you can experiment with different values to see what works best for you. The %K and %D values represent the smoothing factors for the stochastic oscillator. A common setting is 3 for both %K and %D. These settings help to smooth out the oscillator and make it more responsive to changes in price. Remember, finding the right settings may require some trial and error, so don't be afraid to experiment.
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• Dec 26, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, recommends using a stochastic oscillator with a period of 14 and a %K and %D value of 3 for day trading cryptocurrencies. These settings have been found to be effective in identifying potential entry and exit points in the market. However, it's important to note that the recommended stochastic settings can vary depending on the specific cryptocurrency and market conditions. It's always a good idea to do your own research and test different settings to find what works best for you.
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