RE: Beginners Questions
(2016-03-21, 01:30 AM)Tom Dircks Wrote: isatrader,
When performing stage analysis should I use a Log Scale on my chart? I never normally use them, but it seems what is most commonly used in the book and on this forum.
Also would you recommend SMA, EMA, or WMA?
All the best
Tom
Log scale is fairly essential imo on the weekly chart and higher in order to be able to identify Stage 1 and Stage 3 correctly, but less so on daily or intraday charts which are too short term for it to make a difference.
SMA charts is all that you need for the method.
The chart setup that I use for the examples on the site can be found in post 1 on the Stage Analysis Study Guide - Questions and Answers thread here: http://stageanalysis.net/forum/showthread.php?tid=47
Hope that helps
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.