DislikedFollowing are 3 charts following the M5 over 15 minutes of movement. The stochastics are corrected on the charts to properly represent the chart shifts. The M5 uses 14,1,1 and M15,M30,H1 and H4 use 14,3,3 as Stochastic settings. The M5 is on top, the M15 is below the M5, the M30 is on the bottom left, H1 bottom centre, H4 bottom right.
The M5 has reached a signal point >90 %K. Question in your mind is do we trade short on this signal?Ignored
- M5 over 90% (possible short)
- M15 climbing up
- M30 climbing up
- H1 turned up and climb
- H4 slightly down
for me is a no signal, only H4 is going down.