1 July 2021
Welcome!
Welcome to AmiBroker Academy dot com, amibrokeracademy.com.
We will use 1) Ichimoku Cloud, 2) Support Resistance (using box), 3) River (moving average), 4) GMMA and Woodies CCI, 5) Bollinger Bands and Moving Averages, and 6) MACD to analyze crypto currency chart. We use the same approach for index such as NASDAQ 100.
We translate what the price action tell us, ie Picture worth a thousand words.
1) ^NDX | NASDAQ 100 Index and Ichimoku Cloud
Ichimoku Cloud is a trend following strategy tool. In 2021 between March and May, we see the Tenkan Sen cross down Kijun Sen and pullback up again. Thereafter the price action begin to move north, above the cloud.
Ichimoku Cloud is a good trending tool, for trading trend following strategy. It is a multi-dimensional indicator designed to offer support and resistance levels, trending, and entry and exit points. Price Action after test the cloud as support twice before continue the bull trend.
Current price action is above the last two high, the bull must be strong.
Hit the level 14,600 points, can 14,600 level hole the bull? Will see.
Manage risk is a key in trading.
Moses Free Charting
2) NASDAQ 100 Index and Support Resistance
Price Action goes from bottom left to top right. However, seem the ceiling is quite a distance away. We see number of ABCD patterns, We projected a ceiling, above 14800 points.
We use box to box month high low to find support resistance or major level. See chart. We plot a strong levels for the price action to land. Will it lands well into the strong level, will see.
Trade what you see. Manage your risk.
3) NASDAQ 100 Index and River
Moving Average is a great visual tool. Raghee uses high, low and close 34 EMA to form a band to determine the wave direction. She did not call it River, but we did for easy referencing.
Price action is currently close above River. Visually, we see Fast MA (34 EMA) rejected by 200 MA twice in 2021. River begin to bend upward. Trade what you see.
Manage your risk.
4) NASDAQ 100 Index and GMMA and Woodies CCI
Price Action crosses down under Fast MA (green) and Slow MA (red). Finally the price action returns to above Fast MA (green). Fast MA (green) and Slow MA (red) are wide open. Trade with eyes open.
Watch out, the ceiling might be coming. Trade safely.
5) NASDAQ 100 Index and Bollinger Bands and Moving Averages
Price Action and moving averages:
^NDX, NASDAQ 100 price action has closed above its Short time (20 period) moving average.
Short time (20) moving average is currently above mid-time (50), AND above long time (100) moving averages.
Bollinger Bands:
^NDX, NASDAQ 100 Index has closed below upper band.
Bollinger Bands are wider than normal.
Bollinger Bands is a great visual tool, price action is trapped within the two bands. The bands expand when price action volatile, and bands narrow when the price action is building up energy before has a big move.
Manage your risk.
6) NASDAQ 100 Index and MACD Divergence
We see price action continues to go higher and higher. Price Action is currently above 200 MA. 200 MA is slopping up. When we study MACD, we find MACD forms lower high. MACD Divergence.
MACD Divergence is a signal you must respect and observe. It is just like when you drive, you need to watch and follow the traffic rule, just like the traffic light. MACD Divergen signal there is a possible price action is moving south, so trade with eyes open, to take profit and go. Trade with what you see. Manage your risk.
Don’t take MACD Divergence too lightly.
7) NASDAQ 100 Index and STI Index Correlation
NASDAQ 100 slopping up from bottom left to top right. Reference to 200 MA, we see 200 MA slops up. Correlate to Straits Times Index , 200 MA slops down first before bending up and slops up. See chart.
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.