What are the recommended ADX settings for analyzing 1 minute cryptocurrency charts?

3 answers

• Nov 24, 2021 · 3 years ago
  The recommended ADX settings for analyzing 1 minute cryptocurrency charts can vary depending on the specific cryptocurrency and market conditions. However, a common approach is to use a period of 14 for the ADX indicator. This period is considered a good balance between responsiveness and accuracy. Additionally, it's important to set the ADX threshold levels based on the specific cryptocurrency's volatility. Higher threshold levels may be suitable for more volatile cryptocurrencies, while lower threshold levels may be appropriate for less volatile ones. It's also recommended to combine the ADX indicator with other technical indicators to confirm signals and make more informed trading decisions.
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• Nov 24, 2021 · 3 years ago
  When it comes to analyzing 1 minute cryptocurrency charts using the ADX indicator, there is no one-size-fits-all answer for the recommended settings. It's important to consider the specific characteristics of the cryptocurrency you're trading and adjust the settings accordingly. However, a commonly used period for the ADX indicator is 14. This period allows for a good balance between responsiveness and accuracy. Additionally, it's recommended to set the ADX threshold levels based on the volatility of the cryptocurrency. Higher threshold levels can be used for more volatile cryptocurrencies, while lower threshold levels may be suitable for less volatile ones. Experimentation and backtesting can help determine the optimal settings for your specific trading strategy.
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• Nov 24, 2021 · 3 years ago
  At BYDFi, we recommend using a period of 14 for the ADX indicator when analyzing 1 minute cryptocurrency charts. This period has been found to provide a good balance between responsiveness and accuracy. However, it's important to note that the optimal settings for the ADX indicator can vary depending on the specific cryptocurrency and market conditions. It's also recommended to combine the ADX indicator with other technical indicators to get a more comprehensive view of the market. Remember, finding the right settings for your trading strategy may require some experimentation and fine-tuning.
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