Dislikedis there much value here, or considering the experience you have with Alma and TSR, is it just adding noise when there are already better tools for the trade?Ignored
het tc..... yes there is value in the stochastic..... stochastic measures momentum, where moving averages reflect trend.... you really need both.....
it seldom works for me to outright sell at market against a clearly upward moving daily stochastic or the reverse..... this usually occurs when the stochastic travels thru the range between 20 and 80..... once above 80 or below 20 it's confusing.....
//------
DislikedDo you put most emphasis on Weekly or Monthly?
I get confused here, as I know on smaller TF, you want to be selling into short term strength/long term weakness. However, in creating my bias on the larger TF, I am not sure if it is already too late if the down leg is forming Regarding entering
where you think is best chance to join the trend: in your top down look, how many TF have to be in agreement before entry on smallest TFIgnored
i put more emphasis on the weekly and daily.... the minimum timeframes would be 3..... weekly, daily and either the 60 or 240....
for selling, i prefer the last zigzag leg up.... minutes ago, the last zigzag leg on all seven timeframes on the eurcad was up..... so my thoughts are on selling..... this does not mean i just start selling at market.....
in the case of the daily chart, the last leg is important to me once 4 or more bars pass..... odds favor the next leg being down... usually the stochastic rolls over..... awesome oscillator will begin falling..... quite often during that period the alma will cross the tsr...... this greatly increases the odds the next move will be lower.....
at that point i'm committed to selling..... and that is where joining the trend seems to have the best results.....
the last leg is the last visible leg printed.....
will answer some of the other questions later.....h
//----
to trade and code, keep both simple... no call to impress....h
1