No. of Recommendations: 2
Quill,

Keep in mind that nothing is going to work all of the time, in particular, what works well in a trending market won't work so well in a ranging one. The presenters in those YouTube videos on the SuperTrend indicator kept hammering on that point, also the need to use other indicators as "filters". Also, the dynamics of charts built on weekly bars are different than those built on daily bars, never mind that Mandelbrot claims otherwise, arguing that market time is fractal, which I do believe.

What it comes down is is by how much is the investor/trader willing to let prices move against him/her? On a daily chart, every 'adverse excursion' becomes immediately obvious and painful. With weekly bars, much of the noise is suppressed, and it's easier to stick with --and to be guided by-- the intermediate trend.

Arindam
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