What are some recommended MACD settings for swing trading digital currencies?
Harakiri HitoOct 19, 2023 · 2 years ago1 answers
I'm interested in swing trading digital currencies and I've heard that MACD (Moving Average Convergence Divergence) can be a useful indicator. What are some recommended MACD settings that I should use for swing trading digital currencies?
1 answers
- DustlotusMay 29, 2022 · 3 years agoAt BYDFi, we recommend using the MACD settings of 12, 26, 9 for swing trading digital currencies. These settings have been found to be effective in capturing short-term trends and generating timely buy and sell signals. However, it's important to note that MACD is just one of many indicators that can be used in swing trading, and it's always recommended to combine it with other technical analysis tools and indicators for a more comprehensive trading strategy.
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