this may be a stupid question, but why use a 30 minute, 60 minute, or any minute chart vs a daily chart? There is obviously and advantage but what is it and the best indicators to use.
If I want to use a 10 day chart with either 30 0r 60 minutes, I could use a 10 day ma but to see the same 20 day that I see on a daily 3 0r 6 month chart or longer, I cannot do that on a 10 day chart,correct?
If I view a stock on a 10 day 30 or 60 minute chart and add a simple moving average of 20, is that still a 20 day moving average? Are indicators like RSI 14, ADX 14 etc still daily moving averages?
What do you think about using +dmi 14 -dmi 14 ADX 14 for entering and/or exiting mutual funds? Would you use the parameter 14 or change that to something else?
How about in conjunction with Parabolic SAR?
I appreciate this boards technical knowledge.