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Pastimes : Ask On Topic or Off Topic T/A Questions

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To: sandintoes who wrote (37)	8/2/2000 6:37:41 AM
From: Vendit™	Read Replies (1) of 4692

One, what is the difference between "slow" and regular, and how is it set? stockcharts.com[L,A]DACLYYMY[PB50!B200][VC60][IUH14,3!LA12,26,9] A stochastic indicator is much like a moving average although unlike sad a 50 day moving average which contains only a single line on a chart........a stochastic indicator uses "two" lines. One line is formulated on a shorter "moving" time frame and the second is formulated on a longer time frame. The above two lines then are used together as one indicator. The faster line reacts to a stocks ups and downs in a more sensitive manner then does the slower line which seems to lag a day or so behind the fast line in changing its direction. As the lines flow each day they eventually intersect or as I call it ......"cross over". These cross overs are the buy and sell signals. On an askResearch chart you are given 3 different "speeds" that you may set your stochs. I like 15-5-5 because it suits my trading style. It would be considered a slow setting which allows me to stay in a upward trending stock longer but not selling at the precise top. Doug I believe likes 5-3-3 as his setting. This lets you trade more often but can also give many false alerts. The key to using the stochastic indicator is to understand this simple rule.......... Stochastics works the same regardless if you are looking at a daily chart or a 15 minute chart. ie position trading vs day trading. A signal is a signal is a signal. :8-)

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