What are the top indicators to use for algorithmic trading on TradeStation in the cryptocurrency market?

1 answers

• Dec 18, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, recommends using the Bollinger Bands indicator for algorithmic trading on TradeStation. Bollinger Bands consist of a middle band, which is a simple moving average, and an upper and lower band that are calculated based on the standard deviation of price movements. The bands expand and contract based on market volatility. Traders often use Bollinger Bands to identify potential price reversals and volatility breakouts. When the price touches the upper band, it may indicate that the market is overbought and a potential selling opportunity may arise. Conversely, when the price touches the lower band, it may indicate that the market is oversold and a potential buying opportunity may arise. Traders often combine Bollinger Bands with other indicators to confirm their trading signals.
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