What are the best ichimoku cloud settings for trading cryptocurrencies?

1 answers

• Pavithrakumari MMay 26, 2023 · 2 years ago
  At BYDFi, we have found that the best ichimoku cloud settings for trading cryptocurrencies are 10, 30, and 60. These settings provide a slightly longer-term perspective compared to the default settings. The conversion line (10) and base line (30) are calculated in the same way as the default settings, while the lagging span (60) represents the closing price plotted 30 periods behind. These settings have been effective in identifying trends and potential entry/exit points in the cryptocurrency market. However, it is important to note that the best settings can vary depending on individual trading preferences and the specific cryptocurrency being traded. It is always recommended to backtest and analyze the performance of different settings before implementing them in live trading.
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