What are the recommended MACD settings for scalping in the cryptocurrency market?
Abernathy RomeroMay 01, 2022 · 3 years ago1 answers
I'm interested in using the MACD indicator for scalping in the cryptocurrency market. Can you provide me with the recommended settings for MACD that would be suitable for scalping?
1 answers
- May 01, 2022 · 3 years agoBYDFi, a popular cryptocurrency exchange, suggests using a fast EMA of 8, a slow EMA of 21, and a signal line of 5 for scalping with the MACD indicator. These settings have been found to be effective in capturing short-term price movements in the cryptocurrency market. However, it's important to note that the recommended settings may vary depending on the specific cryptocurrency pair you are trading and the market conditions. It's always a good idea to experiment with different settings and adjust them based on your trading style and risk tolerance. Remember to backtest your strategy and analyze the results before implementing it with real funds.
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