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

To: feewaybill who wrote (8750)10/3/1998 2:20:00 PM
From: TA2K  Read Replies (1) | Respond to of 12039
 
I'm getting conflicting 'advice' from various books, etc., on the parameters to use for various technical indicators. Since the various permutations seem endless, I feel just overwhelmed and frustrated.

Could some of you look over the following, and offer some insight into the parameters you think I should concentrate on. (As background, I'm using MetaStock 6.5. I have been following the more-heavily-traded, lower-priced stocks.)

RSI 14
MACD 12-26-9
Momentum 12
Stochastics 5-5-3
Slow Stochastics 16
CCI 18-9

If any of the above parameters seems off, please provide better numbers. Also, please indicate which of these (or other) indicators you think I ought to be spending the *most* time with.

Perhaps many of you have been through this indicator-choosing ordeal in your pasts, and realize just how awfully frustrating it can be. So any help you could provide would be greatly appreciated.

Thanks,
Nicholas



To: feewaybill who wrote (8750)10/5/1998 3:46:00 PM
From: David R. Evans  Respond to of 12039
 
Hello Bruce,

I use both..... I use the default setting on Auto Channel and will use what I think are valid pivots when I draw my own......

You can tell when you look at the chart which ones to use. Take the lowest point and the highest point from the data you are interested in and connect them..... when price breaks out you have a move....

Currently on WLA I would connect 9/1/98 & 9/23/98. As you can see, price fell out of the channel.....

Dave Evans


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