Are there any recommended settings for the LBR 3 10 oscillator when trading cryptocurrencies?
sandhya choudhuryDec 26, 2021 · 3 years ago1 answers
I'm interested in using the LBR 3 10 oscillator for trading cryptocurrencies. Are there any specific settings that are recommended for this oscillator? What parameters should I consider when using it?
1 answers
- Dec 26, 2021 · 3 years agoWhen it comes to the LBR 3 10 oscillator, BYDFi recommends using a period length of 10 and setting the overbought level at 70 and the oversold level at 30. However, it's important to note that these settings may not work equally well for all cryptocurrencies. It's always a good idea to test different settings and adjust them based on the specific cryptocurrency's price action. Additionally, it's important to consider other technical indicators and market conditions when using the LBR 3 10 oscillator for cryptocurrency trading. Remember to always do your own research and adapt the settings to your own trading strategy.
Related Tags
Hot Questions
- 94
What are the advantages of using cryptocurrency for online transactions?
- 90
How can I buy Bitcoin with a credit card?
- 82
What are the tax implications of using cryptocurrency?
- 74
How can I minimize my tax liability when dealing with cryptocurrencies?
- 71
What are the best digital currencies to invest in right now?
- 47
How can I protect my digital assets from hackers?
- 34
What are the best practices for reporting cryptocurrency on my taxes?
- 31
How does cryptocurrency affect my tax return?