8 July 2021
Welcome!
Welcome to AmiBroker Academy dot com, amibrokeracademy.com.
We will use 1) Ichimoku Cloud, 2) Support Resistance (using box), 3) River (moving average), 4) GMMA and Woodies CCI, 5) Bollinger Bands and Moving Averages, and 6) MACD to analyze price action. We also analyze crypto currency price action. See our posting for Bitcoin and other popular cryptocurries.
What we do is to translate price action chart into layman language for you to understand, ie Picture worth a thousand words. You can learn this too. All analysis read the price action chart differently. It is just like an essay, all reader will have different conclusion.
Trade well.
1) 000001.SS | Shanghai Stock Exchange Composite Index and Ichimoku Cloud
Ichimoku Cloud is a trend following strategy tool. We see Tenkan Sen trending up from last July till February this year. In between, Tenkan cross below Kijun fail a few times. Bull trend has ended in February this year, as Ichimoku cloud begin to go sideways.
Ichimoku Cloud is a multi-dimensional indicator designed to offer support and resistance levels, trending, and entry and exit points. Price Action after test the high and pullback and close below cloud. Price Action now stay inside cloud, ie sideways.
Trade what you see.
Manage risk is a key in trading.
Moses Free Charting
2) Shanghai Stock Exchange Composite Index Support Resistance
Price Action goes from low to high, pullback and reverse. You can see price action goes from bottom left in last August to top in February and pullback. Next the price action rebounce up again. However, the price action and fail again. Spot the possible ABCD wave pattern. We expect CD leg is in progress.
We use box to box month high low to find a key level. See chart. We have plotted a strong levels. Resistance turns Support. Can the support hold the price action? Will see.
Trade what you see. Manage your risk.
3) Shanghai Stock Exchange Composite Index and River
Moving Average is a great visual tool. Raghee uses high, low and close 34 EMA to form a band to determine the wave direction. Price action is currently goes from below 34 EMA to above River, full trend? Trade what you see.
Bull trend seems strong, price action above 200 MA. River rejected 200 MA.
Manage your risk.
4) Shanghai Stock Exchange Composite Index and GMMA and Woodies CCI
Price Action and Fast MA (green) goes from above to down under Slow MA (red), Fast MA (green) and Price Action both stay below Slow MA (red) for two months before return to above Slow MA again.
Slow MA (red) from open to squeeze. Means what?
5) Shanghai Stock Exchange Composite Index and Bollinger Bands and Moving Averages
Price Action and moving averages:
000001.SS, Shanghai Stock Exchange Composite Index price action has closed below its Short time (20 period) moving average.
Short time (20) moving average is currently above mid-time (50), AND above long time (100) moving averages.
All Three 20, 50 and 100 MA are above 200 MA.
Bollinger Bands:
000001.SS, Shanghai Stock Exchange Composite Index price action has closed above bottom band.
Bollinger Bands are narrower than normal.
Manage your risk.
6) Shanghai Stock Exchange Composite Index and MACD
We see price action continues to go higher and pullback. Remember all these can not come without any signals.
Don’t take MACD Divergence lightly.
7) Shanghai Stock Exchange Composite Index and Dow Jones Index and Correlation
Moses Power Charting
Official AmiBrokerAcademy.com Charting
Disclaimer
The above result is for illustration purpose. It is not meant to be used for buy or sell decision. We do not recommend any particular stocks. If particular stocks of such are mentioned, they are meant as demonstration of Amibroker as a powerful charting software and MACD. Amibroker can program to scan the stocks for buy and sell signals.
These are script generated signals. Not all scan results are shown here. The MACD signal should use with price action. Users must understand what MACD and price action are all about before using them. If necessary you should attend a course to learn more on Technical Analysis (TA) and Moving Average Convergence Divergence, MACD.
Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here. It should be used as learning aids only and if you decide to trade real money, all trading decision should be your own.
We learn from many past and present great traders. Kudo to these master.