What are the recommended standard settings for MACD in cryptocurrency trading?

I'm new to cryptocurrency trading and I've heard about MACD (Moving Average Convergence Divergence) as a popular indicator. Can anyone provide me with the recommended standard settings for MACD in cryptocurrency trading? I want to understand how to use it effectively in my trading strategy.

3 answers
- The recommended standard settings for MACD in cryptocurrency trading are usually 12, 26, and 9. These numbers represent the periods used for calculating the MACD line, the signal line, and the histogram. However, it's important to note that these settings can be adjusted based on personal preferences and the specific cryptocurrency being traded. It's recommended to experiment with different settings and observe how MACD performs in different market conditions.
Mar 20, 2022 · 3 years ago
- When it comes to MACD settings in cryptocurrency trading, there is no one-size-fits-all approach. The recommended standard settings of 12, 26, and 9 are commonly used, but they may not work well for every cryptocurrency or trading strategy. It's important to consider factors such as the volatility and liquidity of the cryptocurrency, as well as the time frame you're trading on. It's always a good idea to backtest different settings and see how they perform before implementing them in live trading.
Mar 20, 2022 · 3 years ago
- In my experience, the recommended standard settings for MACD in cryptocurrency trading are 12, 26, and 9. However, it's worth mentioning that these settings may not be suitable for all cryptocurrencies or trading styles. Each cryptocurrency has its own unique characteristics, and what works for one may not work for another. It's important to do your own research, test different settings, and adapt them to your specific trading strategy. Remember, there is no one-size-fits-all solution in cryptocurrency trading.
Mar 20, 2022 · 3 years ago
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