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Registered User
Joined: 1/8/2005
Posts: 118
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What are the suggested indicator settings for short-term or swing traders?
Such as stochastics, MACD, RSI, OBV, TSV, envelope channels, ROC, relative strength, moving averages.
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Worden Trainer
Joined: 10/1/2004
Posts: 4,308
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Isaloga:
This goes beyond the scope of what the trainers can answer here in the Ask a Trainer forum. We don't suggest particular settings, because it is highly subjective and very personalized.
Just remember that with most any indicator, the lower the settings, the more frequent signals you'll tend to get. You may want to consider that fact if you're day trading.
What I will do is to move this post to the Stock and Market Talk where other investors will see it, and perhaps they'll throw in their two cents and give you some more concrete ideas.
- Doug
Teaching Online!
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Registered User
Joined: 10/7/2004
Posts: 2,126
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QUOTE (lsaloga)
What are the suggested indicator settings for short-term or swing traders?
Such as stochastics, MACD, RSI, OBV, TSV, envelope channels, ROC, relative strength, moving averages.
ISA this is alot of ground to cover on a bullentin board. I can suggest that you read what a consider a good informative book on Swing trading. Here it is " The Master Swing Trader " by Alan S. Farley (ISBN - 0-07-136309-2. This should give you a very good idea about settings and tools to use if you are interested in swing trading. There many other good books, but this one I consider to be very complete.
Good luck.
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Registered User
Joined: 12/8/2004
Posts: 30
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I personally have worked from the angle of what am I trying to do, ie short, intermediate or long term. For short time frame, I roll back time on the chart and look at where I would have wanted buy signals and note them then install TSV over the price and starting at 9 tweak it until I get it to "call" 75% of my previous buy signals. Now your actual signal could be crossing up through the zero line or crossing it MA that is up to you. Then when I get it where I want it I move it to its own window. Sounds like a lot of work and it sure would be easier if backtesting was part of TC, but when you get it to "call 75% of your buy signals and then combine it with a positively divergent MS and is transitioning from a negative or nuetral BOP it is a great combination. I have not worked with MACD much so I will not comment on it. The trick is to go through your chart without any indicators, and with the particular mindset of short, medium or long timeframes and make a decision purely on price points THEN adjust TSV to go along with those. Hope that helps.
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Registered User
Joined: 1/25/2005
Posts: 2
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Anybody please respond to this. Say I am a day trader with $10,000 and want to try to make 1%-2%day return. What daily scans would you use to try accomplish this? Its understood that nothings a gimme. Looking for good percentages if available.
Thanks in advance. Chico
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Registered User
Joined: 10/7/2004
Posts: 2,126
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QUOTE (chicosacat) Anybody please respond to this. Say I am a day trader with $10,000 and want to try to make 1%-2%day return. What daily scans would you use to try accomplish this? Its understood that nothings a gimme. Looking for good percentages if available.
Thanks in advance. Chico
Chico you cannot daytrade with less than $25000, to be specific you always have to maintein a balance of $25000 in your account at any given time or regulation T call will drop on you like lead, not to mention your broker.
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