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lowtrade

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lowtrade

Re: BlindSquirrelFindsNuts post# 43887

Friday, 10/24/2014 1:42:50 AM

Friday, October 24, 2014 1:42:50 AM

Post# of 47295
When choosing TA indicators, one should keep Multicollinearity in mind. That means only use 1 indicator from each indicator group. Or you will be looking at several indicators telling you the same thing. Skewing you eval.

http://stockcharts.com/school/doku.php?id=chart_school:trading_strategies:multicollinearity

Also keep in mind some indicators zero in better on short term then long term. If your going to put the magnifying glass on a close up 3 month chart. You want to use indicators which correspond to a tighter daily action look.
3 month
http://stockcharts.com/h-sc/ui?s=JCP&p=D&yr=0&mn=3&dy=0&id=p93417150077
http://stockcharts.com/h-sc/ui?s=JCP&p=D&yr=0&mn=3&dy=0&id=p07149191438
6 month
http://stockcharts.com/h-sc/ui?s=JCP&p=D&yr=0&mn=6&dy=0&id=p01029758656
http://stockcharts.com/h-sc/ui?s=JCP&p=D&yr=0&mn=6&dy=0&id=p36544102006

Welcome to my mind!


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