Welcome to AmiBrokerAcademy.com.
The website uses powerful charting software AmiBroker. Data source is from DataFolio.
Picture Worth a Thousand Words
From the chart you could see the reaction from the traders, a complex market emotions from the Global and local can easily conveyed from the chart.
In order for you to understand better from the chart, see the few charts from different day.
You will find two curve in the chart, that is we called River.
River
River is made of High and Low of a Moving Average such as 34 period. River is a great visual aid for trading. To learn more above River, please more from Raghee Horner’s books.
You can find ^KLSE has failed to breakout from River and continue to be below River. It is very bearish. The safe zone to trade is when the price action pull back near and resisted or supported by the River.
Scenario 1: ^KLSE on August 27
August 27, 2015 Kuala Lumpur Stock Exchange
Scenario 2: ^KLSE on September 1
We use MACD, Moving Average Convergence Divergence indicator. MACD is a leading indicator, it provides early warning on change in direction. It is just like traffic light that signal a possibility to stop.
September 1, 2015 Kuala Lumpur Stock Exchange
Thanks for visiting the website.
Moses
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