Are there any recommended settings for the Supertrend indicator on TradingView when trading cryptocurrencies?

5 answers

• SeemaJan 17, 2021 · 5 years ago
  When it comes to the Supertrend indicator on TradingView, there are no one-size-fits-all settings that can be recommended for trading cryptocurrencies. The optimal settings may vary depending on the specific cryptocurrency you are trading, the time frame you are analyzing, and your trading strategy. It's important to experiment with different settings and backtest your strategy to find the settings that work best for you. Additionally, it can be helpful to follow experienced traders and learn from their strategies and settings.
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• Ever RomeroOct 25, 2020 · 5 years ago
  As a professional trader, I can tell you that the Supertrend indicator on TradingView can be a valuable tool for cryptocurrency trading. However, there are no fixed recommended settings that guarantee success. It's important to understand that the indicator is just a tool and should be used in conjunction with other technical analysis tools and indicators. It's also crucial to consider market conditions and trends when determining the optimal settings for the Supertrend indicator. Remember, successful trading requires a combination of technical analysis, risk management, and market knowledge.
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• EftyMarAug 11, 2023 · 2 years ago
  I've been using the Supertrend indicator on TradingView for my cryptocurrency trading and I've found that the default settings work well for me. However, it's worth mentioning that every trader is different and what works for me may not work for everyone. It's important to understand the indicator and its settings before using it in your trading strategy. If you're unsure about the optimal settings, you can always reach out to the TradingView community or consult with a professional trader for guidance. Remember, trading cryptocurrencies involves risks, so always do your own research and make informed decisions.
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• Grimes SchultzMay 09, 2024 · a year ago
  BYDFi, a leading cryptocurrency exchange, recommends using the Supertrend indicator on TradingView with the default settings for cryptocurrency trading. However, it's important to note that the optimal settings may vary depending on the specific cryptocurrency and market conditions. BYDFi also suggests combining the Supertrend indicator with other technical analysis tools to enhance trading strategies. It's always recommended to backtest your strategy and adjust the settings based on your trading style and risk tolerance. Remember, trading cryptocurrencies carries risks, and it's important to stay informed and make educated trading decisions.
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• Muhamad FaisalNov 08, 2024 · 9 months ago
  When it comes to the Supertrend indicator on TradingView, there is no one-size-fits-all answer for the recommended settings when trading cryptocurrencies. The optimal settings can vary depending on factors such as the volatility of the cryptocurrency, the time frame you are trading on, and your personal trading style. It's important to experiment with different settings and see what works best for you. Additionally, it can be helpful to join online trading communities and forums to learn from experienced traders and get insights on their preferred settings for the Supertrend indicator.
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