overall decent stats of a PF of 56 which is very high and 95%
winning trades.
When I talk about 60 Stochastic being above 80% which is what I
show as default in Stockcharts, my actual scan shows that the
higher the 60 Stochastic is while the faster indicator gets
oversold, the overall higher probability the trade has. For example
if 60 stochastic is over 90% vs just over 80% the stats are quite a
bit higher. The reason for that I surmise is that it's much harder
to get the faster stockhastics, or other fast indicators to get
oversold with the 60 length stochastic is so higher, and easier to
trigger when it's lower
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overall decent stats of a
Trend Momo condition triggering
Posted by matt on 31st of Dec 2019 at 01:47 pm
overall decent stats of a PF of 56 which is very high and 95% winning trades.
When I talk about 60 Stochastic being above 80% which is what I show as default in Stockcharts, my actual scan shows that the higher the 60 Stochastic is while the faster indicator gets oversold, the overall higher probability the trade has. For example if 60 stochastic is over 90% vs just over 80% the stats are quite a bit higher. The reason for that I surmise is that it's much harder to get the faster stockhastics, or other fast indicators to get oversold with the 60 length stochastic is so higher, and easier to trigger when it's lower