What are the best thinkorswim VWAP settings to use when analyzing cryptocurrency price movements?

3 answers

• onkar suryavanshiDec 09, 2024 · 9 months ago
  When analyzing cryptocurrency price movements using thinkorswim, it is recommended to use the default VWAP settings. The default settings are usually optimized for general market analysis and can provide a good starting point for analyzing cryptocurrency prices. However, it's important to note that VWAP settings can vary depending on the specific cryptocurrency being analyzed and the time frame being considered. It's always a good idea to experiment with different settings and adjust them based on the specific characteristics of the cryptocurrency you are analyzing.
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• quantomphsyicMar 05, 2024 · a year ago
  The best VWAP settings to use when analyzing cryptocurrency price movements in thinkorswim can vary depending on your trading strategy and the specific cryptocurrency you are analyzing. It's important to consider factors such as the time frame you are analyzing, the volatility of the cryptocurrency, and the specific indicators you are using in conjunction with VWAP. It's recommended to start with the default settings and then make adjustments based on your observations and trading objectives. Remember, there is no one-size-fits-all answer, so it's important to experiment and find the settings that work best for you.
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• ClarkJOlieJul 30, 2022 · 3 years ago
  When analyzing cryptocurrency price movements, BYDFi recommends using a VWAP length of 20 and a standard deviation multiplier of 2. These settings have been found to be effective in capturing the average price movement and identifying potential support and resistance levels. However, it's important to note that VWAP settings can vary depending on the specific cryptocurrency and market conditions. It's always a good idea to backtest different settings and adjust them based on your trading strategy and risk tolerance.
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