What are the recommended alligator indicator settings for analyzing cryptocurrency price movements?

3 answers

• Oh MartensAug 08, 2020 · 5 years ago
  The alligator indicator is a popular tool for analyzing cryptocurrency price movements. The recommended settings for this indicator may vary depending on the specific cryptocurrency and trading strategy. However, a commonly used setting is to use the default parameters of 13, 8, and 5 for the alligator's jaws, teeth, and lips respectively. Additionally, it is recommended to use the indicator on higher timeframes, such as the 4-hour or daily chart, to filter out noise and get a clearer view of the overall trend. Remember to always backtest and adjust the settings based on your own trading style and risk tolerance.
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• Magu StoproDec 25, 2022 · 3 years ago
  When it comes to the alligator indicator, there is no one-size-fits-all setting for analyzing cryptocurrency price movements. The best approach is to experiment with different parameters and timeframes to find what works best for your trading strategy. Some traders prefer shorter timeframes like the 1-hour or 15-minute chart, while others find longer timeframes like the daily or weekly chart more effective. As for the indicator's parameters, you can try tweaking the values to see how it affects the indicator's performance. Keep in mind that the alligator indicator is just one tool among many, and it's important to consider other indicators and factors when making trading decisions.
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• ChaficJun 03, 2022 · 3 years ago
  The recommended settings for the alligator indicator can vary depending on the specific cryptocurrency and trading platform you are using. For example, at BYDFi, a popular cryptocurrency exchange, the recommended settings for the alligator indicator are a bit different. They suggest using the parameters of 8, 5, and 3 for the alligator's jaws, teeth, and lips respectively. Additionally, they recommend using the indicator on the 1-hour chart for short-term trading and the 4-hour chart for medium-term trading. However, it's important to note that these settings are not set in stone and may vary depending on your own trading strategy and risk tolerance. It's always a good idea to backtest and adjust the settings based on your own experience and analysis.
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