What are the best RSI settings for trading cryptocurrencies on TradingView?

3 answers

• Dec 27, 2021 · 3 years ago
  The best RSI settings for trading cryptocurrencies on TradingView can vary depending on your trading strategy and the specific cryptocurrency you are trading. Generally, a common RSI setting used by traders is 14 periods, which means it calculates the RSI based on the last 14 price bars. However, some traders may prefer shorter or longer periods based on their trading style and the volatility of the cryptocurrency. It's important to experiment with different RSI settings and see what works best for you.
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• Dec 27, 2021 · 3 years ago
  When it comes to RSI settings for trading cryptocurrencies on TradingView, there is no one-size-fits-all answer. The best RSI settings can vary depending on the market conditions and the specific cryptocurrency you are trading. It's important to consider factors such as the time frame you are trading on, the volatility of the cryptocurrency, and your risk tolerance. Some traders may find that using shorter RSI periods like 7 or 9 can provide more timely signals, while others may prefer longer periods like 21 or 30 for smoother signals. Ultimately, it's up to you to find the RSI settings that work best for your trading strategy.
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• Dec 27, 2021 · 3 years ago
  At BYDFi, we recommend using a 14-period RSI for trading cryptocurrencies on TradingView. This is a commonly used setting that provides a good balance between responsiveness and smoothness. However, it's important to note that RSI settings are not the only factor to consider when trading cryptocurrencies. It's also important to use other technical indicators, analyze market trends, and consider fundamental factors. Remember, trading cryptocurrencies involves risks, and it's important to do your own research and make informed decisions.
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