What have you found as the best way to set up and use RSI and MACD on the yahoo charts to make an intraday tra
de? Would a 10 week RSI go with a 10 week MACD also? Are there any other indicators to look for?
Hi,
These indicators are completely different and cannot be compared. The formulas for calculating them have nothing to do with each other.
Forget about RSI, use stochastics because it is more reliable.
Go here: http://clearstation.etrade.com/redge.html and learn how to use MACD and Stochatics. There are tutorials there and also at http://stockcharts.com/.
Find out how to use these indicators before you invest in anything.
Kindest Personal Regards,
Walt Brown
Site Build It Certified Webmaster
capecod1@capecod-beaches.com
yahoo charts are for reference only they are not charts that you would trade off of for interday trading for interday trading use 1, 5, 15, and 60 minute charts in real time format. there are alot more indictors but the more indicators you use the more conflicting signals you get so stick with a trend indicator and an overbought oversold oscillator like rsi or slow stochastic, 12/26/9 is common for macd and 14 is common for rsi regardless of time frame. see chart school at http://www.stockcharts.com