With regard to a time range for a cluster, on a daily chart, I will generally
look for dates that come within one to three trading days of each other.
On an intraday chart, let’s call it one to three trading bars on the time frame
chart that you are using. Anything much wider than that might not be
as useful as far as predictive ability is concerned. I say “might not” be as
useful because there are always some exceptions to the rule. Typically,
though, the tighter the range of time, the better.
With regard to a time range for a cluster, on a daily chart, I will generallylook for dates that come within one to three trading days of each other.On an intraday chart, let’s call it one to three trading bars on the time framechart that you are using. Anything much wider than that might not beas useful as far as predictive ability is concerned. I say “might not” be asuseful because there are always some exceptions to the rule. Typically,though, the tighter the range of time, the better.
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