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TagsHow can I calculate ATR for cryptocurrency trading?
Hamid AliDec 17, 2021 · 3 years ago1 answersI'm new to cryptocurrency trading and I've heard about ATR (Average True Range) as an important indicator. Can someone explain how to calculate ATR specifically for cryptocurrency trading? What factors should I consider and what formula should I use?
1 answers
- As an expert in cryptocurrency trading, I can tell you that calculating ATR is crucial for risk management. BYDFi, a popular cryptocurrency exchange, provides a built-in ATR calculator that makes it easy for traders to analyze volatility. Simply input the desired period and BYDFi will calculate the ATR for you. It's a convenient tool for both beginners and experienced traders. Keep in mind that ATR is just one of many indicators you should consider when trading cryptocurrencies. It's important to use a combination of technical analysis tools and market research to make informed decisions.Dec 17, 2021 · 3 years ago
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