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Strategies & Market Trends : Underexposed Technical Analysis -- Ignore unavailable to you. Want to Upgrade?

To: kimberley who wrote (475)	9/3/2019 4:56:39 PM
From: Underexposed	Read Replies (1) \| Respond to of 914

Hi Kimberly why do you prefer the 30 over the 14? Sorry if it's a redundant question, I don't remember see a post re it. Good question!!! Actually I have talked about it if you dig back into much earlier posts Discussion on Stochastics A 14 day look back is short term parameter whereas a 30 day look back is longer term. Also a 30 day look back makes a chart easier for me to read... it applies to all parameters that use a look back Here are some comparisons the actual stock is immaterial You can see in the main chart this stock was basically bullish from April to August. Now let us see how the indicators with 14 and 30 day look backs reflect this The RSI In this case the 14 day look back give an over emphasis to the bullishness in the blue circle.... see how it gets you excited only to fall a few days later.... The decline of the 14 day is ragged whereas the the 30day is much easier to chart as a slow decline. The ADX DI+/- is much easier to read with a 30 day look back... see how the green bullish line stays nicely above the red line for the whole Apr - Aug stretch for the 30 day look back.... The cross/recross of the DI+/- shows indecision as shown in the month of August ... the 30 day look back shows this as tight whereas the 14 day showed a bear thrust at one point that was ignored by the 30 day plot The Black ADX line shows the strength of the current trend.... see how the 30 day one shows a smooth increasing strength until the decline in the DI+/- occurs.... the 14 day ADX is all over the place. The Slow Sto In the left circle the 14 day shows a decline in the value starting back in April 15 but the 30 day look back stays bullish right til May 6. Mid June to August shows a constant bullish sign... not so for the 14 day pull back and finally... currently the 14 day look back show the stock is bearish where the 30 day look back says it is bearishly neutral... which is more in line with what I see in the main chart. In the CCI... over reacts to a small downturn in the 14 day look backs in the CMF the 14 day look back shows a decline starting in early july and then over reacts its bears view in August... currently the 14 day hints at bullishness to come.... the 30 day hints at bear. I hope this helps you understand. I look for a longer term play... not just a few days or a week or two. The 30 day look back gives me a good trend feeling without the over reaction. Very good question, Kimberly UE