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What are the best settings for the True Strength Indicator in the cryptocurrency market?

avatarABerNov 24, 2021 · 3 years ago1 answers

I'm new to cryptocurrency trading and I've heard about the True Strength Indicator. Can someone please explain what the True Strength Indicator is and what are the best settings to use for it in the cryptocurrency market?

What are the best settings for the True Strength Indicator in the cryptocurrency market?

1 answers

  • avatarNov 24, 2021 · 3 years ago
    At BYDFi, we believe that the best settings for the True Strength Indicator (TSI) in the cryptocurrency market depend on the individual trader's preferences and trading strategy. While there are some commonly used settings, such as a 25-day EMA and a 13-day EMA, it's important to experiment and find what works best for you. Additionally, it's crucial to consider other indicators and factors when making trading decisions. Remember, there is no one-size-fits-all answer, and it's always recommended to do thorough research and analysis before implementing any trading strategy.