Mostly: Classical

[Sexton O Blake]

Weekly v. Daily - Interpret Indicators

Thanks Croesus (and Frank..)..

I agree with Frank who is saying there are just too many indicators slapped on a chart. You also added aside from the noise of the various indicators.

I am sort of "asking" how one looks at indicators when they are based on WEEKLY v. DAILY periods. I have given some good examples below. (Less on the "data" of the chart and even volume of indicators, but more on the usage of indicators and how they are interpreted.)

You show ADX at monthly and weekly and both numbers are different. Do you rely on such numbers and do you try to interpret them?

For example, read this on ADX

When you chart IBM with weekly data you get:


But daily you get:


One might look at the daily and anything over 30 would be a strong buy indicator. But with Weekly that number is only 20 - now does one perhaps look to ensure that both WEEKLY and DAILY are both over 30 (and that would be better) or would one adjust the weekly and say that perhaps 20 is strong?

And of course this goes along with other indicators.

I am still trying get my feet wet.. stock charts doesn't seem to deal with "weekly" v. "daily" - but more with "periods" which is a catch-all.

I find all this interesting and as Frank points out, I have to play with things until I find something that works for me - of course not every "template" will work with "all stocks" and/or "all of the time".

Looking at Frank's Novell (do they still compete with Microsoft? What do they do Frank?

If you look at Daily ADX is riding 20 with no 'bullish' indicator (if one things moving toward 30 is bullish that is - and let us assume that).


But with Weekly, you would say that the ADX is in a bearish swoon -- yes ? no ?


Anyways any help my way is much appreciated by you and everyone who participates here. I sort of feel like Ralph Kramden with his Handy Housewife Helper, kitchen gadget - lots of stuff on Stock Charts... what works and what doesn't..

thanks..
SoB

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