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TagsWhat are the best VWAP indicator settings for trading cryptocurrencies?
sundaram_pragyaJan 14, 2022 · 3 years ago1 answersI'm interested in using the VWAP indicator for trading cryptocurrencies. Can you provide some guidance on the best settings to use for this indicator? Specifically, I'm looking for suggestions on the time period and the standard deviation multiplier. Any insights would be greatly appreciated!
1 answers
- At BYDFi, we recommend using a VWAP indicator with a time period of 20 periods and a standard deviation multiplier of 2 for trading cryptocurrencies. This combination has shown good results in our backtesting and is suitable for both short-term and long-term trading. However, it's important to note that the best VWAP indicator settings can vary depending on market conditions and individual preferences. We encourage traders to experiment with different settings and adjust them based on their own trading strategies and risk tolerance.Jan 14, 2022 · 3 years ago
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