Trying to do an analysis of charts and was tinkering with different time frames using the indicators....but got stumped when I tried to plot them. Do charts of different time frames warrant indicators with different time frames as well? For example, when viewing a 'daily' charts, it is recommended that we use indicators with specific time frames...i.e ADX(14), RSI(14), MACD (12,26 and signal line of 9), and various combinations of MAs (10/20, 15/30, 50/100/200 etc.)
But what about when viewing charts with weekly or monthly time frame. Are the values still applicable? And I am not taking about long term investment strategy...rather using the weekly/monthly charts to try and predict how the stock may move one to two months down the line. Also are those (along with volume), the four best indicators that may support an analysis of trend?
But what about when viewing charts with weekly or monthly time frame. Are the values still applicable? And I am not taking about long term investment strategy...rather using the weekly/monthly charts to try and predict how the stock may move one to two months down the line. Also are those (along with volume), the four best indicators that may support an analysis of trend?