14 August 2021
Welcome!
Welcome to AmiBroker Academy dot com, amibrokeracademy.com.
1) S&P 500 Index
In AmiBroker charting software, it is very easy to add ore remove any indicator. See chart, we add MACD indicator.
MACD is a very simple indicator, one approach is to study the price action strength with the MACD. When price action goes higher and strong, but MACD goes the opposite. It hints that the price action strength is weaken. There is a possibility of price action pullback.
However, MACD is like traffic light, Traffic light is install at each junction to signal a possible change in flow direction. Your experience tells you cars don’t stop at each traffic light, but there is a possibility of stop. It is true for price action and MACD Divergence. Price Action may be pullback in response to the MACD Divergence.
Remember to buy support sell resistance whenever that is possible.
Trade with eyes open.
Manage your risk.
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.