Hi Spot,spotdespot » Mon Apr 07, 2014 8:34 am wrote:This is a question for Tommaso really I think. If you see the attached image it shows white and aqua lines that are weekly and daily opens respectively. Obviously for today they are in the same position so overlap. I would have expected the daily and weekly stoch to be "high" and not "low" as price is above the daily & weekly opens. Am I missing something?
Cheers,
Dave.
I found that the D1 and W1 indi's look back at last week CLOSE instead of new week OPENING.
In your chart, due to the opening gap, PA is above the openings, but below last week close.
And so they sit on the bottom until PA rises a little more...