as you know I have used the 60 length Stochastic for many years,
and have pointed out many uses for it. It's a very good trending
indicator, when it is above 50%, you are in an uptrend, and on
pullbacks in uptrends that 50% area is an area to watch for
potential reversals back to the upside. For the KISS methodology I
also employ that
anyway over the last 2 days the 60 Stochastic came to nearly
retest that zone - my point is that it was an area for the market
to defend and get a reversal off if it was going to do so.
Also, the 2hr had a nice buy cycle there yesterday which
held.
Matt, nice tool to have in the arsenal but I can not mimic the
intraday even if I bookmark your chart because I don't subscribe to
stockcharts.com. Can you give
the specific parameters for TOS? I cannot get the settings right
there for the 60 stochastic. And yes, I have tried just K60,
D3 but does not work.
Buy cycles are nice but the intraday's are hard to find useful
if we don't have the real time data.
60 Stochastic and 50% educational
Posted by matt on 15th of Dec 2021 at 06:24 pm
as you know I have used the 60 length Stochastic for many years, and have pointed out many uses for it. It's a very good trending indicator, when it is above 50%, you are in an uptrend, and on pullbacks in uptrends that 50% area is an area to watch for potential reversals back to the upside. For the KISS methodology I also employ that
anyway over the last 2 days the 60 Stochastic came to nearly retest that zone - my point is that it was an area for the market to defend and get a reversal off if it was going to do so.
Also, the 2hr had a nice buy cycle there yesterday which held.
Matt, nice tool to have
Posted by cozz101 on 16th of Dec 2021 at 10:03 am
Matt, nice tool to have in the arsenal but I can not mimic the intraday even if I bookmark your chart because I don't subscribe to stockcharts.com. Can you give the specific parameters for TOS? I cannot get the settings right there for the 60 stochastic. And yes, I have tried just K60, D3 but does not work.
Buy cycles are nice but the intraday's are hard to find useful if we don't have the real time data.
Sent you instructions check messages
Posted by watcdy on 16th of Dec 2021 at 10:24 am
Sent you instructions check messages
Thank you much, got it
Posted by cozz101 on 16th of Dec 2021 at 10:40 am
Thank you much, got it and it worked!