What are the best ADX settings for day trading in the cryptocurrency market?

3 answers

• Dec 14, 2021 · 3 years ago
  The best ADX settings for day trading in the cryptocurrency market can vary depending on the specific cryptocurrency you are trading and your trading style. Generally, a common setting for ADX is 14 periods. This means that the ADX indicator will calculate the average directional movement over the past 14 periods. However, it's important to note that there is no one-size-fits-all answer. It's recommended to experiment with different settings and observe how the ADX indicator performs with your chosen cryptocurrency and trading strategy. Remember to consider other indicators and factors in conjunction with ADX to make informed trading decisions.
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• Dec 14, 2021 · 3 years ago
  When it comes to ADX settings for day trading in the cryptocurrency market, there is no definitive answer. It's a matter of personal preference and trading style. Some traders might find success with a shorter period, such as 10 or 12, while others might prefer a longer period, such as 20 or 30. It's important to understand that ADX is just one tool in your trading arsenal and should be used in conjunction with other indicators and analysis techniques. Experiment with different settings and see what works best for you.
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• Dec 14, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, suggests using a 14-period ADX setting for day trading in the cryptocurrency market. This setting provides a good balance between responsiveness and accuracy. However, it's important to note that ADX is not a standalone indicator and should be used in conjunction with other technical analysis tools. Remember to consider factors such as volume, price action, and market trends when using ADX to optimize your day trading strategy.
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