RE: UK Stocks - Watchlist and Discussion (Premium)
(2015-03-29, 09:20 PM)pcabc Wrote: I see you are using a weekly ichimoku - a different result comes from a daily one.
Of course they do, as they use the same settings, but are applied to different time frames. i.e. just as the weekly MACD isn't the same as the daily MACD, or weekly RSI isn't the same as the daily RSI, or a 50 day MA isn't the same as the 50 week MA etc. As one uses short term data and the other uses medium to long term data. So I only look at the weekly cloud for the investor method, as I'm looking for the medium to long term resistance zones, which you only get from the weekly data.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.