20 September 2022
Welcome!
Welcome to AmiBroker Academy dot com, amibrokeracademy.com.
If There is Only One Chart. This is It!
The Moses Power Stock Chart.
Picture worth a thousand words. Trade what you see!
We Only Believe – Buy Support or Sell Resistance.
Dow Jones Industrial Average Index
Some say when market is uncertain the demand of Gold will increase. True or true? But, the crude oil price has also being up for some time. Why?
Dow Indexes are key index to watch. Market emotions are hot, the price action has been driving north for many years. But 2022 has been confusing, the price action has been pullback. See charts.
Anyway there is a lot of uncertainty in the current market, with the war and super power struggle for more power and war. But, with new financial instrument, such as cryptocurrency, but the stocks, gold and crude oil continue to be on the spotlight.
We study the stock chart using GMMA, Woodies CCI, MACD, River, Ichimoku Cloud, Bollinger Bands and Moving Average, and wave patterns with the price action.
Moving Average is a great visual tool. MACD indicator is a easy to understand indicator. Support and Resistance is important and fundamental tool for buy sell.
When the price action continue to move higher but MACD is weaker, the price action may be change in direction. The opposite is true too, when price action is weaker, forming lower low but the MACD or MACD Histogram is forming higher low. Price action is also may be change in direction.
But remember indicator is like traffic light, it only provides you a heads-up for the possible upcoming change.
Manage your trade.
Just One Chart
1) Dow Jones Industrial Average index weekly from 2014
Dow Index has been driving normal for many years, except 2020, where the price action has a big drop. See chart.
Now the price action has been pullback in 2022 too, the price action has test the resistance turns support.
Do you think the Dow Index price action will go low or high?
Manage your risk.
Remember to buy support and sell resistance.
2) Dow Jones Industrial Average index weekly and Ichimoku Cloud
Dow Index price action is currently close below the Ichimoku Cloud and resisted by cloud.
3) Dow Jones Industrial Average index weekly and MACD
4) Dow Jones Industrial Average index weekly and Bollinger Bands and Moving Average
Moses Power Charting
Official AmiBrokerAcademy.com Charting
Disclaimer
The above result is for illustration purpose. It is meant to be used for learning buy or sell signals. We do not recommend for any particular stocks. If particular stocks of such are mentioned, they are meant as a demonstration of Amibroker as a powerful charting software. Amibroker is a charting software, it can program to scan the stocks for buy and sell signals. Or backtest for any trading strategy or technique.
We post script generated signals. Not all scan results are shown here depending on selection criterial. 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.