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Strategies & Market Trends : Metastock 6.0 for Window -- Ignore unavailable to you. Want to Upgrade?


To: Richard Estes who wrote (2720)1/30/1999 5:58:00 PM
From: TA2K  Respond to of 4056
 
Thanks, Richard. So then, you'd say there's probably no point in keeping W%R as a 'candidate' indicator, right?

In the MSWin manual it says that W%R has this "uncanny" ability to turn up a few days prior to prices turning up. Well, of course, my hair stood on end upon reading that. But apparently then the same can be said for the Stochastic oscillator.

Would you recommend some stochastic parameters to keep an eye on? MSWin seems to advocate 5,3,3. But that seems too short. I think 12,3,3 seems more reasonable. But also I think 150,5,5 seems worthy of examining.

Want to help further?



To: Richard Estes who wrote (2720)1/30/1999 6:05:00 PM
From: TA2K  Read Replies (2) | Respond to of 4056
 
I'm still trying to figure out how to incorporate a *weekly* perspective into a *daily* scan. But I'm just not getting it yet.

It would seem that Stochastics 150,5,5 or 150,12,12 may help to fill the need. Do you agree? But the same doesn't seem to be true for MACD -- the MACD 60,130 on a daily chart seems to be quite different from the MACD 12,26 on a weekly chart. Two entirely different messages coming across.

Can you, or anyone, please help me? Are there *any* indicators that can put weekly perspectives into a scan using daily data?