RE: Chart settings
(2022-02-08, 12:08 PM)isatrader Wrote:(2022-02-08, 09:47 AM)Texasmgax Wrote: I feel stupid asking such a dumb question, but I'm confused re: moving averages.
So for the weekly, we want the 10 & 30 week avgs. Which are essentially the 50 & 150 DMAs
But on your StockCharts screenshots, your charts say 10&30. Im confused on how to set the stockCharts moving averages. I dont see a weekly moving average, only simple and Ema.
Don't get to bogged down in the moving averages. It's fairly simple, as on the weekly chart you want to show the 10 week Simple Moving Average and the 30 week Simple Moving Average. On other timeframes you can use whatever you like, but I like to use the same MA settings on the intraday charts (i.e. 2 hour chart), so that has a 10 and 30 SMA for that timeframe. However, on the daily chart my preference is for including a short, medium and long term MA. So I use the 21 day Exponential Moving Average, a 50 day Simple Moving Average and 200 Simple Moving Average, as they are most common MAs and used in other methods, such as CAN SLIM for example.
Weekly chart:
10 and 30 Simple MA
Daily chart:
21 Exponential MA
50 Simple MA
200 Simple MA
Intraday (4 hour chart or less):
10 and 30 Simple MA
thank you... I appreciate it.