ALSO PLEASE ADVISE IF IT IS SAME FOR ALL TIMEFRAMES OR NEED TO CHANGE IN DIFFERENT TIME FRAMES.
Recommended Parameters for Stochastic Momentum Index
%K Periods: 14
%K Smoothing: 2
%K Double Periods: 3
%D Periods: 9
MA Type: SIMPLE
%D MA Type: SIMPLE
You need to change the look back period of momentum for different time frame,
You may get false signal due spikes in price change and maximum during sideway
Best way is to test above recommended periods and fine tune for your set up
Happy Trading
ALSO PLEASE ADVISE IF IT IS SAME FOR ALL TIMEFRAMES OR NEED TO CHANGE IN DIFFERENT TIME FRAMES.
Hi
I use Weighted type with these parameters, is it fine?