Originally Posted by
billhart22
I have some pretty ass-kicking software... Scottrade Elite. I can put all of the indicators on there that I want, but they do have subtle differences. Some of the charts show the wm% from -0 to -100, so you have to mentally adjust where you are really at between -20 and -80. There are just some little idiosyncrasies like that.
I see from what you have said that you use the 60 minute wm%. I don't think that I have the capability of doing that. I use 7 for day trades, 14 for 3,4, or 5 days and 28 for a long. I honestly use it more as a daily indicator, but with my capability for settings it looks like a lie detector test throughout the day and is useless with penny stocks. Maybe I am missing the point somewhere on how to set it, or I am missing what you are saying, which is always a possibility.