Are there any specific Parabolic SAR settings that work well for identifying trends in the cryptocurrency market?

1 answers

• May 01, 2022 · 3 years ago
  At BYDFi, we have found that using a Parabolic SAR setting of 0.02 for the acceleration factor and 0.2 for the maximum step can work well for identifying trends in the cryptocurrency market. However, it's important to note that these settings may not work equally well for all cryptocurrencies or in all market conditions. It's always a good idea to backtest different settings and adapt them to the specific market you are trading. Remember, no single indicator or setting can guarantee success in the cryptocurrency market, so it's important to use Parabolic SAR as part of a comprehensive trading strategy.
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