What are the best settings for the RSI indicator in cryptocurrency trading?

1 answers

• Dec 17, 2021 · 3 years ago
  At BYDFi, we recommend using a period of 14 for the RSI indicator in cryptocurrency trading. This is a commonly used setting that provides a good balance between sensitivity and reliability. However, it's important to note that the best settings for the RSI indicator can vary depending on the specific cryptocurrency and market conditions. It's always a good idea to backtest different settings and analyze historical data to find what works best for your trading strategy. Remember to consider other indicators and factors in conjunction with the RSI indicator for more accurate trading signals.
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