I looked at the free site. How do you change the parameters for the indicators and moving averages etc?
5 Day Stoch, 5 min, use 390
5 Day Stoch, 15 min, use 130
5 Day Stoch, 30 min , use 65
5 Day Stoch, 60 min, use 32.5
14 Day RSI, 5 min, use 1092
14 Day RSI, 15 min, use 364
14 Day RSI, 30 min, use 182
14 Day RSI, 60 min, use 91
Example to Calculate:
5 Day Stoch x 6.5 Hrs x 60 min = 1,950 min (equiv to 5 days)
Divide the 1,950 by the number of minutes in the bar you are using so when using a 60 min bar, the 5 Day Stoch is 1,950/60=32.5.
I like the 5 day stochastic because it gives a smooth predictable pattern and I like 12 Day moving averages because they're pretty smooth and they give you enough advance notice of a trend changing so you can exit or enter positions. I don't use RSI anymore because it isn't smooth and thus predictable enough. It all really depends on the timeframe you are interested in trading. Do you want to daytrade? Do you want to only hold no longer than 3 days, 5 days, two weeks or what? Hope this helps. |
