First, I am sorry if this is posted somewhere else. I am not very technically-minded.
I believe that the first number in stochastic is based upon timeframes being measured. Therefore, the standard 14-3-3 measures 14 periods.
What I would like to do is open a metatrader session based upon the 14-3-3 applied to 5 minute, 1 hour, and 1 day period all on the same 5 min chart.
Therefore, I believe I would:
- insert stochastic indicators for 14-3-3 (for the 5 minute already open);
- 168-3-3 (or 14 times the 12 5 minute periods in the hour) for the 1 hour;
- and 4032-3-3 (or 14 times the 288 5 minute periods in 24 hours) for the 1 day.
Is this correct? Any help would be appreciated. I’m not even sure if I can have stochastics as high as 4032. Sorry again if this is posted somewhere else, or if it is just glaringly dumb.