January 13, 2018
In order to see the stock trend better, you can try many ways to present the trend. Support Resistance is a good way. You can present Support Resistance in many ways too. See our present below for a great visual effect. We use Russell as example. Have fun!
Stock Analysis
^RUI Russell 1000 Index Year High Low and Quarter High Low
See chart, how you like the way we present support resistance. You could make up many reasons why the index slow down and spring up. How a breakout fail or succeed. Enjoy your learning.
Why Boxes?
Simply because it is easy to draw. You can draw both support and resistance at the same time for a period like month, quarter,
Besides that Month or Year high low is also a good reference to find support resistance.
The boxes is a great visual tool bullish or bearish trend, see the high of each year is like a step, the steps just going higher, bullish.
January 12, 2018 Russell 1000 Index Year High Low Quarter High Low
Powerful Chart Software – AmiBroker
The following chart is produced using AmiBroker charting software. It is a powerful chart software. You plot the stocks you are interested all in one chart, as long as you still could read them. See chart below.
Moses
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.