April 18, 2017
The illustration here shows power of AmiBroker charting software, AmiBroker can plot any chart like the following. As long as the data can be downloaded by AmiBroker tool, such as AmiQuote the chart can be plotted.
Using AmiBroker to analyse the US Stock.
^DJI Dow Jones Industrial Average Daily Chart and Gaps
Picture worth a thousand words.
We see a dead cross. Lower high, lower low, … Begin of the reversal.
April 17, 2017 Dow Jones Industrial Average ^DJI Daily and Gaps
^DJI Dow Jones Industrial Average Daily and Channel and Flag Chart Pattern
We use moving average to help in identify the trend. we see the price action close below Moving Average.
Using three MA, such as high, low and close price action. We create a band, river or wave. We see DJI cross below the band and resisted by the band.
There is a possibility of forming a bullish chart pattern. So, watch out.
April 17, 2017 Dow Jones Industrial Average and Channel and Chart Pattern
Nothing is 100%!
Happy learning.
Moses Stock Analysis
AmiBrokerAcademy.com
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.