Stochastics
Posted: Sat May 08, 2010 1:28 pm
Hi there, sorry if this sounds a bit simple.
I am wondering whether the set-up values for stochastic are specific to the time frame of the graph, for example if some one was to give me the values they use for stochastic or macd that they were using on a 1 hour candle stick chart would the same values show me relevant information on a smaller time frame say 5 minute chart?
For example if i was trading using swing highs and lows and using stochastics and macd to buy into a trend would the values be the same for some one who was trading using a 30 minute chart and some one who was using the same methods on a 5 minute chart? Also would I benefit from keeping the values the same and then as the stochastics and macd line up get a chart up with minute candle sticks up to make them alighn in that also before buying ing? Or is this over complicating stuff?
Thanks in advanced
Simon
I am wondering whether the set-up values for stochastic are specific to the time frame of the graph, for example if some one was to give me the values they use for stochastic or macd that they were using on a 1 hour candle stick chart would the same values show me relevant information on a smaller time frame say 5 minute chart?
For example if i was trading using swing highs and lows and using stochastics and macd to buy into a trend would the values be the same for some one who was trading using a 30 minute chart and some one who was using the same methods on a 5 minute chart? Also would I benefit from keeping the values the same and then as the stochastics and macd line up get a chart up with minute candle sticks up to make them alighn in that also before buying ing? Or is this over complicating stuff?
Thanks in advanced
Simon