General Trading Chat

For Ichimoku, 41 would be 2 months trend. Quite a lot, except for a long term investor. Just an opinion.

So, for RSI for intraday, you are assuming (375/timeframe/4). What is that factor of 4 ?
RSI initially would have been based on weekly charts spanning a year, sliced every quarter... so 52/4=13, add 1 for adjustment to more recent closes - thus RSI had a default of 14.
I use this logic for intraday... total periods/4 +1
 
RSI initially would have been based on weekly charts spanning a year, sliced every quarter... so 52/4=13, add 1 for adjustment to more recent closes - thus RSI had a default of 14.
I use this logic for intraday... total periods/4 +1
That factor of 4, you are slicing intraday also in 4 quarters ?
 

vivektrader

In persuit of financial independence.
sir, when u get time can u elaborate little more pls on" second pivot high be lower than the first pivot high" - usually higher pivots are preferred isn't it?

thanks
When one is trading reversal then first pivot is kind of top, second pivot is a bit lower secondary top.

Vivek
 
That factor of 4, you are slicing intraday also in 4 quarters ?
RSI was developed in 1970-80 by Welles Wilder. The data that he could have relied upon for backtesting and perfecting his technique would either be EOD or Weekly (This is my guess, if I were to go back in time :) ). The parameter of 14 (default) would closely match a weekly period than EOD.

So, if the indicator was developed with a logic to look back a quarter - I would be also using that for my trading period.
 

travi

Well-Known Member
The above post will provide some clues to your question. This correction was anticipated....now we have to see how deep or prolonged this correction could be. I have posted that I have liquidated part of my portfolio, some of it I have bought back, some waiting for the right price...

ST
@Smart_trade sirji are you looking to re-enter ?
 

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