What are the best settings to use for TradingView Supertrend when trading cryptocurrencies?

3 answers

• Nov 24, 2021 · 3 years ago
  When it comes to using TradingView Supertrend for trading cryptocurrencies, the best settings may vary depending on your trading strategy and preferences. However, a commonly used setting is a period of 10 for the Supertrend indicator. This setting is often considered a good balance between responsiveness and reliability. Additionally, you can experiment with different multipliers, such as 2 or 3, to adjust the sensitivity of the indicator to price movements. Remember to backtest your chosen settings and analyze the results before using them in live trading.
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• Nov 24, 2021 · 3 years ago
  Finding the best settings for TradingView Supertrend when trading cryptocurrencies can be a personal journey. It's important to understand that there is no one-size-fits-all answer. Different traders have different preferences and risk tolerances. Some traders may prefer shorter periods and higher multipliers for more aggressive trading, while others may opt for longer periods and lower multipliers for a more conservative approach. Ultimately, it's up to you to find the settings that align with your trading style and goals.
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• Nov 24, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, recommends using a period of 14 and a multiplier of 3 when using TradingView Supertrend for trading cryptocurrencies. These settings have been found to provide a good balance between responsiveness and reliability. However, it's important to note that the best settings may vary depending on the specific cryptocurrency you are trading and the market conditions. It's always a good idea to backtest different settings and analyze the results before making any trading decisions.
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