The best EMA for a 1-minute chart is a matter of debate among traders, but some popular choices include:
- 3 EMA: A 3 EMA is often used as it is more responsive to price fluctuations and can help identify short-term trends1.
- 7 or 14 EMA: Traders often prefer the 7 or 14 EMA for a 1-minute chart as they provide a balance between responsiveness and smoothness2.
- 8 EMA: An 8 EMA is another popular choice for a 1-minute chart, as it is more responsive than a 14 EMA and less sensitive to market noise than a 3 EMA2.
Ultimately, the best EMA for a 1-minute chart depends on the trader's individual preferences and the characteristics of the asset being traded. It is important to experiment with different EMAs and find the one that works best for your trading strategy.