What are the best VWAP indicator settings for trading cryptocurrencies on TradingView?

3 answers

• Dec 28, 2021 · 3 years ago
  VWAP stands for Volume-Weighted Average Price. It is a technical analysis tool that calculates the average price of a cryptocurrency based on its trading volume. The VWAP indicator is commonly used by traders to identify the average price at which a cryptocurrency has been traded over a given period of time. As for the best settings to use, it depends on your trading strategy and preferences. Some traders prefer shorter timeframes like 15 minutes or 1 hour, while others use longer timeframes like 4 hours or daily. It's important to experiment with different settings and see which one works best for you.
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• Dec 28, 2021 · 3 years ago
  The best VWAP indicator settings for trading cryptocurrencies on TradingView can vary depending on the market conditions and the specific cryptocurrency you are trading. However, a common approach is to use a VWAP length of 20 periods and a standard deviation multiplier of 2. This combination can help identify potential support and resistance levels. It's important to note that these settings are not set in stone and may need to be adjusted based on your trading style and the specific cryptocurrency you are trading.
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• Dec 28, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, recommends using a VWAP length of 14 periods and a standard deviation multiplier of 1.5 for trading cryptocurrencies on TradingView. These settings have been found to provide reliable signals for both short-term and long-term trading strategies. However, it's always a good idea to backtest different settings and see which ones work best for your specific trading style and goals. Remember, trading cryptocurrencies involves risks, and it's important to do your own research and make informed decisions.
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