Posted by howardmilano on 4th of Jul 2022 at 05:18 pm
This works on other longer time frames as well, such as 4H, 1D,
1W. It makes sense if you look at stochastic as a momentum
indicator, high stochastic is buying pressure, then a dip and
recovery means renewed buying pressure. Lack of buying pressure and
stochastic falls deep to selling pressure. Smaller time frames get
too choppy to show momentum well. Thanks for showing this and
making me remember stochastic is buying/selling pressure.
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This works on other longer
I added some additional annotations to this
Posted by howardmilano on 4th of Jul 2022 at 05:18 pm
This works on other longer time frames as well, such as 4H, 1D, 1W. It makes sense if you look at stochastic as a momentum indicator, high stochastic is buying pressure, then a dip and recovery means renewed buying pressure. Lack of buying pressure and stochastic falls deep to selling pressure. Smaller time frames get too choppy to show momentum well. Thanks for showing this and making me remember stochastic is buying/selling pressure.