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Strategies & Market Trends : Stochastics -- Ignore unavailable to you. Want to Upgrade?

To: JK who wrote (121)	2/11/1998 11:15:00 AM
From: Wayners	Read Replies (1) \| Respond to of 927

What the numbers tell you is the number of periods to use for stochastics/RSI for each chart that you using, i.e. 5min, 15 min, 30min, 60 min). You can't put a period of 5 on the daily chart and a period of 5 on the 60 minute chart and expect to get the same line drawn . It wouldn't make any sense. You have to properly make the conversions to get the right answer. If you are trying to use a 5 day stochastic on a 60 minute chart, you have to put in a 32.5 period stochastic which is correct for the 60 minute bar chart. For a daily chart you would use a period of 5 for the stochastic. If you are trading 1 to 3 days (which I really like) use a 3 day time period for the daily chart. This would correspond to a (6.5 x 3)/60 period for stochastics or RSI on the 60 minute intraday chart. I'm only watching one stock today and its SCTC on the short side. Another site to try is alphacharts.com but I think they make you use daily charts only. quote.com will give you intraday charts but no technical indicators. I think the iqc site is the best I've seen for intraday charts.