Greetings all,
Most charting softwares that I’ve seen always show the weekly charts of the end of a week, usually Friday.But who says that a week must end every Friday?Must a weekly chart reflect only the latest five days of trading every Friday?I think a proper weekly chart should be one that is set up to reflect one action that is one magnitude greater than the daily chart.It should display its latest price bar to always reflect where prices are relative to the latest 5 days of trading.It changes every day to reflect the latest 5 days of trading. I would use Stochastic %D on my trading system. Is it possible somehow to change the last close price every day (get the recent close price in stochastic formula) and recalculate the weekly stochastic value each day? And is it possible to appear this weekly Stochastic and daily Stochastic in same window?I would use daily price chart with second window with 2 timeframe indicator below. thanks for all help Regards
