How To Change The Parameters Of An Indicator

[greencat]

Go to the navigator window and click on the indicator you wish to change. You can also click on the indicator if its already on your charts.

You can change it to whatever number you wish or color.

In my exampleI use the RSI. I could change the RSI to 1 or 100. I can also set up differnt levels such as 10 or 100. Play with it they can be interesting..



For a larger chart click the link below

http://farm4.static.flickr.com/3276/...db3b1afe_o.jpg

[Billy]

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[Crude Oil Futures]

The general rule of thumb with the RSI, slow stochastic or any indicator/oscillator, is that when you increase the parameter, the indicator "smooths out." Larger numbers for parameters make the indicator less sensitive to recent moves and the longer-term trend is more apparent. When you decrease the parameter value, the indicator becomes more sensitive to the recent price moves and allows the trader to react more quickly. The shortfall to this is that the indicator no longer shows the longer-term trend well and may report signals during a correction rather than a breakout (which are what some short term traders are looking for)