What are some recommended VWAP settings on TradingView for successful cryptocurrency trading?
Minerguy82Dec 25, 2021 · 3 years ago5 answers
I'm interested in using VWAP (Volume Weighted Average Price) on TradingView for cryptocurrency trading. Can you provide some recommended VWAP settings that would be effective for successful trading?
5 answers
- Dec 25, 2021 · 3 years agoSure! When it comes to using VWAP on TradingView for cryptocurrency trading, there are a few recommended settings that you can consider. Firstly, you can set the VWAP length to 20 periods, which is a commonly used value. This will provide a good balance between responsiveness and accuracy. Additionally, you can choose to display the VWAP line as a solid line or as a histogram, depending on your preference. It's also important to adjust the VWAP source to match the specific cryptocurrency exchange you're trading on. This will ensure that the VWAP calculation is based on accurate volume data from that exchange. Overall, these settings should give you a solid foundation for using VWAP effectively in your cryptocurrency trading strategy.
- Dec 25, 2021 · 3 years agoAlright, here's the deal. If you want to use VWAP on TradingView for cryptocurrency trading, there are a few settings that you should consider. First off, you can set the VWAP length to 20 periods. This is a pretty standard value that works well for most traders. You can also choose to display the VWAP line as a solid line or as a histogram, depending on your personal preference. And don't forget to adjust the VWAP source to match the specific cryptocurrency exchange you're trading on. This will ensure that the VWAP calculation is based on accurate volume data from that exchange. So, there you have it - some recommended VWAP settings for successful cryptocurrency trading on TradingView.
- Dec 25, 2021 · 3 years agoWell, if you're looking for some recommended VWAP settings on TradingView for successful cryptocurrency trading, I've got a suggestion for you. You can set the VWAP length to 20 periods, which is a commonly used value among traders. This will give you a good balance between responsiveness and accuracy. As for the display, you can choose between a solid line or a histogram for the VWAP line. It's really up to your personal preference. And don't forget to adjust the VWAP source to match the specific cryptocurrency exchange you're trading on. This will ensure that the VWAP calculation is based on accurate volume data from that exchange. So, give these settings a try and see how they work for you.
- Dec 25, 2021 · 3 years agoWhen it comes to using VWAP on TradingView for successful cryptocurrency trading, there are a few recommended settings that you can consider. One of the popular choices is to set the VWAP length to 20 periods, as it provides a good balance between responsiveness and accuracy. You can also choose to display the VWAP line as a solid line or as a histogram, depending on your personal preference. It's worth mentioning that BYDFi, a popular cryptocurrency exchange, recommends using a solid line for better visualization. Lastly, make sure to adjust the VWAP source to match the specific cryptocurrency exchange you're trading on, as this will ensure accurate volume data for the calculation. Give these settings a try and see how they work for your cryptocurrency trading strategy.
- Dec 25, 2021 · 3 years agoUsing VWAP on TradingView for successful cryptocurrency trading? No problem! Here are some recommended settings that you can try out. Set the VWAP length to 20 periods, which is a commonly used value among traders. This will give you a good balance between responsiveness and accuracy. You can choose to display the VWAP line as a solid line or as a histogram, depending on your personal preference. And don't forget to adjust the VWAP source to match the specific cryptocurrency exchange you're trading on. This will ensure that the VWAP calculation is based on accurate volume data from that exchange. So, give these settings a shot and see if they help you in your cryptocurrency trading endeavors.
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