[isatrader]

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.

You can see the chart settings for weekly and daily on the following thread: https://stageanalysis.net/forum/showthread.php?tid=47

On the other questions, it might take a bit of reading through the threads, but they have been discussed in quite a lot of detail over the years so is worth looking for.

For a quick answer on the volume. If the breakout is early in the week I estimate what the weekly volume might be by the end of the week based on the days volume. The daily volume on the breakout should be at least 3 times the daily average anyway (I use 200 day average volume). So that is usually more than half the weekly average when that happens or even better more than 2x weekly average on that single day, so there a good chance it will make it to the 2x weekly requirement if strong on the breakout day as money tends to follow money, and if it doesn't it a good sign to take an quick exit, as you only want to be in the stocks with A+ potential. As opportunity costs are key.