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What are the best settings for tradingview moving average when analyzing cryptocurrency charts?

avatarBruno MarsNov 29, 2021 · 3 years ago3 answers

When it comes to analyzing cryptocurrency charts, what are the recommended settings for the moving average indicator on TradingView? I want to make sure I'm using the best settings to get accurate insights and make informed trading decisions.

What are the best settings for tradingview moving average when analyzing cryptocurrency charts?

3 answers

  • avatarNov 29, 2021 · 3 years ago
    When analyzing cryptocurrency charts on TradingView, the best settings for the moving average indicator will depend on your trading strategy and time frame. For short-term trading, a shorter period moving average, such as 20 or 50, can help identify short-term trends and potential entry or exit points. On the other hand, for long-term analysis, a longer period moving average, like 100 or 200, can provide a smoother trend line and help identify the overall direction of the market. It's important to experiment with different settings and see what works best for your trading style.
  • avatarNov 29, 2021 · 3 years ago
    Finding the best settings for the moving average indicator on TradingView when analyzing cryptocurrency charts can be a bit of trial and error. Some traders prefer using the popular settings like the 50-day and 200-day moving averages, while others may find better results with different periods. It's also worth considering using multiple moving averages with different periods to get a more comprehensive view of the market. Remember, there is no one-size-fits-all answer, so it's important to find the settings that align with your trading strategy and goals.
  • avatarNov 29, 2021 · 3 years ago
    When it comes to analyzing cryptocurrency charts, BYDFi recommends using the 50-day and 200-day moving averages on TradingView. These settings have been widely used by traders and are considered reliable indicators of long-term trends. The 50-day moving average can help identify short-term trends and potential entry or exit points, while the 200-day moving average provides a smoother trend line and helps identify the overall direction of the market. However, it's important to note that these settings may not work for everyone, so it's always a good idea to experiment and find what works best for your trading style.