Correction...
The MACD(28,56,14) crossover is way below the centerline, so that means the trending is extremely weak, correct? Therefore the chances of a continued uptrend is not as great as back in late March to early April. Though back then the crossover was below the centerline, but showed a stronger trend than now.
SloStoch(56,14) is showing as way oversold compared to before so I have no idea how that effects the current pattern.
But I'm guessing that it also means as long as the MACD is trending up, the SloStoch should eventually start heading up - but only if the MACD uptrend strengthens.
Anyhow, any and all critiques are welcome!
Laughing Cow
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What I see so far...
For those who don't know, I'm still new at TA, but just looking at the chart, it looks like the current pattern is matching the first week of April. Then again, how do I know I'm not fooling myself? LOL! I'm using RSI(14), SloStoch(56,14), MACD(28,56,14), CMF(14), Aroon(28), SMA(14,56) over a period of 1 month @ 30 min intervals.
I read a bit about the parameters over at Clearstation, but it is kind of confusing how the reading portion doesn't exactly match up with the sample charts they give.
Can someone critique the parameters I'm using and help explain why? TIA!
Laughing Cow
AI
