August 27, 2017
^NYA NYSE Composite Index and Support Resistance
Picture worth a thousand words, see chart for more.
See resistance turns support, again and again. Finally, support get supported again.
^NYA NYSE Composite Index and Fibonacci Retracement
Picture worth a thousand words, see chart for more.
See resistance turns support, again and again. Finally, support get supported again. If you add Fibonacci retracement, you sill see a different perspective of a support resistance.
Price action breakout to test the extension near 127%, and drop back to retest the 0% level.
^NYA NYSE Composite Index and Channel
Picture worth a thousand words, see chart for more.
Connecting the low and draw a trendline. Copy and paste the trendline to the peak, we form channel.
^NYA NYSE Composite Index and MACD
Picture worth a thousand words, see chart for more.
See price action forms higher high, the MACD Histogram forms lower high.
Have fun! Enjoy learning.
Thanks for visit the site here. You could also find free MACD scan here in this site too.
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.