Keith, thanks for the earlier reply re ADX.
I don't use the ADX on its own much, as I find the -DI and +DI line interactions far more useful (set at 7,7 for either 3 minute, 30 minute, or daily chart), and easier than the ADX line to interpret on a trending penny stock (sensitive, but lots of whip-saw at those settings). Used together with past history RSI tops, and B Bands, I find them quite effective, especially on slo-mo momo, at identifying "hold" situations. I have found that Stochastics tend to be of limited use on most pennies and low volume stocks, though they can provide some support for decision making, or perhaps some indication of price support, or future trending.
I've appreciated your postings on tech stats, and look forward to any other feedback you could provide.
Still learning, ...Don |
