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Re: TA: KURA - 1x18 chart...Insert system, add discipline /// CHM question Just as charts can be different 'intervals'' (1 hr, 1day, 1 week, 1 month, etc.) so can Indicators. When you look at a chart, say a daily, and bring up the Indicators, most charting services offer a 'standard' set of intervals. The standard for an RSI is '14'. That refers to the number of days that are being incorporated into the formula used to compute the RSI. I have spent a considerable amount of time experimenting with Indicator interval selection (Akin to a Hot Rodder fiddling with carburation to change performance) I have previously confessed to loving the ADX, but my absolute 1st Love is the CCI. On my charts you will see it in 2 different settings, the 10 and the 20 The CCI at 20 is the 'standard' setting. You want to turn it into a useful tool ? Here's the recipe - Strip every other indicator off a chart...everything! Now put a Cci (20) up. Next , establish a Buy signal every time the CCI comes back up and over the -100. But what a about a Sell signal " Two ways to approach that - a. Sell overtime the CCI has just peaked out b. Sell overtime the CCI has peaked out at above the +125 level Now. I could go on and on about modifying this recipe for different chart interval trading, however that would go against the modern ADD attention span for most MB readers, so I won't. but I will say this- with what I have just given you, the InvestorVillage Message Boards could disappear off the face of earth tomorrow , and ............ |
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Msg # | Subject | Author | Recs | Date Posted |
29413 | Re: TA: KURA - 1x18 chart...Insert system, add discipline /// CHM question | CHM_760 | 2 | 1/24/2020 11:56:04 AM |
29468 | Re: TA: KURA - 1x18 chart...Insert system, add discipline /// CHM question | cable | 1 | 1/29/2020 6:36:26 PM |