common-close-0
BYDFi
Trade wherever you are!
Markets
Buy Cryptocommon-tiny-triangle-down
Tradecommon-tiny-triangle-down
Derivativeshotcommon-tiny-triangle-down
Trading Bots
Partnershipcommon-tiny-triangle-down
Reward Centercommon-new-0
Halloween Carnival Night
header-more-option
header-global
header-download
header-skin-grey-0

What are the best settings for the RSI indicator in cryptocurrency trading?

avatarshukai zhouNov 29, 2021 · 3 years ago1 answers

I'm new to cryptocurrency trading and I've heard about the RSI indicator. Can someone explain what the RSI indicator is and what are the best settings to use for it in cryptocurrency trading?

What are the best settings for the RSI indicator in cryptocurrency trading?
Cryptocurrency
RSI Indicator
Trading

1 answers

  • avatarNov 29, 2021 · 3 years ago
    At BYDFi, we recommend using a period of 14 for the RSI indicator in cryptocurrency trading. This is a commonly used setting that provides a good balance between sensitivity and reliability. However, it's important to note that the best settings for the RSI indicator can vary depending on the specific cryptocurrency and market conditions. It's always a good idea to backtest different settings and analyze historical data to find what works best for your trading strategy. Remember to consider other indicators and factors in conjunction with the RSI indicator for more accurate trading signals.

Related questions

common-arrow-bottom-0Load 5 more related questions
common-search-0

Related Tags

Hot Questions