Registered User
Joined: 12/30/2004
Posts: 36
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Where can I find the information as to the recommended settings for the Stochastics and the MACD? I am confused about this, as I have 14, 5, 3 for the Stochastics and there is hardly any way to view the crossing of the lines. Same problem with MACD. Thank you.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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TeleChart does not have suggested or default settings for its Indicators. The trainers can't give setting, interpretation or investment advice. I'll move this topic to the Stock and Market Talk forum so other traders will be more likely to see it and comment.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 9/16/2008
Posts: 9
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QUOTE (mcp) Where can I find the information as to the recommended settings for the Stochastics and the MACD? I am confused about this, as I have 14, 5, 3 for the Stochastics and there is hardly any way to view the crossing of the lines. Same problem with MACD. Thank you.
"technical charts for profits" by Mark Larrson gives his preferences for the indicators he uses in TC.
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Registered User
Joined: 5/1/2007
Posts: 158
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I use the settings only slightly modified from the bigcharts defaults, if that helps. I also find Bollinger bands to be extremely useful for putting in limit buys - although the last five trading days have been painful.
I use ema and three EMA. To buy, I want MACD below zero (I'm a buy the dips trader) fast stoch rising above 40 and slow stoch rising and crossing 20. For momentum stocks like AMD, very different. I want short-term EMA above longer-term EMA, MACD rising and above zero, and fast stoch approaching 80.
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Registered User
Joined: 1/28/2005
Posts: 6,049
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It would all depend on what you want to do.
The settings recommended by MACD's creator
are 12,26,9.
The general rule of thumb for Stochastic is the
smaller the period (lower number) the shorter
the cycle you will see. Typical values are
between 5 and 21.
I think its somewhat dangerous for
a trader to separate indicator settings
and their trading. You should decide
how you want to trade.(timeframe/style)
and see what type of indicators and settings
aid you in that process.
While no indicator is perfect all the time.
Depending on what one does. I'm sure
certain settings are better that "anything".
Thanks
diceman
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