Discussion in 'Technical Analysis' started by John_IL, Jan 21, 2008.
I use 3,5 slow stochastics on my 2 min chart.
69 and 8.
5,5,2 is good.
George Lane claimed 7 3 3 were his favorite settings.
There is a big difference when you change these numbers.
I tried both of these: 5,5, 2 and 7,3,3 they both look good. It is hard to decide.
Other thing: my platform has 4 options for slow stoch
% Da5, Ds5,D5, K 3 period
I don't even know if I set these numbers in the right box
Thank you for replies
It might depend on the security being traded.
I use one minute chart and white out the first line and use only the second one(7) but you need more than that one indicator to trade successfully.
The best parameters for a stoch are to know what it really is:
- draw a channel of 5 days
- look at the close of this bar vs the high low for the last 5 days .... thats your fast stoch
- imagine smoothing it out with a ma (mas) ... thats your slow and slower stochs
What will your settings be when it overloads?
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