anybody here who is willing to answer my question is welcome to reply - this is
not just directed at Stephan as there are many savvy members here who understand the bot and particularly its indicators well enough to answer my relatively simple question(s).
I am using the latest version 0.0.9.6 beta.
I am trying out the indicator called 'stochastic indicator' ...
I have some questions and hope somebody can answer them.
1. The "interval length" (default = 30) - is that supposed to be set to the same number as the "update timer" setting for the bot or is there no relation?
Perhaps the interval length of this indicator must simply be a multiple of the interval length? What is the relation between the two - if any?
2. I see it says "buy at 80 or higher" and "sell at 20 or lower" ... so I'm assuming that this indicator is the exact opposite of the traditional indicator called Stochastic RSI? (it has buy at <= 20 and sell at >= 80)
3. If so, why not just use the standard Stoch RSI indicator that everybody loves and knows?
I also have some Q's regarding the MACD indicator:
1. It comes with two default params of SMA short length = 12 and SMA long length = 26. If I compare that to the MACD indicator shown on
http://bitcoinwisdom.com : which has three MACD parameters of 26, 12 and 9. So two of the params correspond, but any idea what the extra param of 9 is for on bitcoinwisdom?
Are these two indicators the same?? Because i find this one on bitcoinwisdom seems to fit my trading requirements best - particularly when the data is collated into 1 hour intervals...
2. As you will know, bitcoinwisdom can show the data in intervals of 1m, 3m, 5m, 15m, 30m, 1h, 2h, 4h, 6h, 12h, 1d, 3d, 1w
and so my next question is what is the link between these intervals on bitcoinwisdom and the simple bot, i.e. HOW do i tell the bot to apply the data and indicators in terms of intervals of data corresponding to any of the above intervals shown in bitcoinwisdom charts?
At first I thought perhaps it was the "update timer" parameter in the bot, but this doesn't make sense as that is simply the time period between data refreshes - it has nothing to do with intervals for the purpose of collating data?
3. Some of the Bot indicators have interval type params - are those perhaps the same as the interval setting in bitcoinwisdom charts?