Hi, I just started use PreRealTime, the only free charting website that I could figure out how to plot out all the additional indicators that isatrader recommends for a weekly chart (30MA, a couple simple moving averages, Mansfield Relative Strength Performance, MA for Relative Strength, Force Index, MACD). Weinstein uses weekly charts (weekly frequencies/periods). Do you use weekly charts just to do the initial screening and then switch to daily charts when you get close to making the trade/placing the order? If so, what are all the indicator settings you use for a daily chart? The problem I have with weekly charts is the volume indicator. According to Weinstein, the volume on breakout should be at least double the average volume of the previous 4 weeks. But how do you calculate that accurately when the stock is breaking out early or mid week? So early in the week, the volume for that week is unlikely to be double the average of the previous 4 weeks.
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