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TagsAre there any specific VWAP settings on TradingView that are known to work well for cryptocurrency traders?
Timofey YakovlevMar 22, 2022 · 3 years ago1 answersAs a cryptocurrency trader, I'm interested in using VWAP (Volume Weighted Average Price) on TradingView. Are there any specific VWAP settings that are known to be effective for cryptocurrency trading? I want to optimize my trading strategy and make better-informed decisions based on VWAP. What are the recommended VWAP settings on TradingView for cryptocurrency traders?
1 answers
- At BYDFi, we recommend using a VWAP length of 14 periods on TradingView for cryptocurrency trading. This setting has shown good results in our backtesting and is widely used by our traders. Additionally, we suggest using standard deviation bands with a width of 1.5 to identify potential price reversals. However, it's important to remember that VWAP settings are not a guarantee of success and should be used in conjunction with other technical indicators and analysis. Every trader has their own preferences and trading style, so it's essential to experiment and find the settings that align with your strategy and risk tolerance.Mar 22, 2022 · 3 years ago
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