9 April 2020
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Don’t Play Play Series
Today AmiBroker Academy top stories, don’t play play with moving average like GMMA and Woodies CCI.
^KS11 KOSPI Composite Index Stock Charting
Study Korea KOSPI Composite Index Charting and price action and GMMA and Woodies CCI.
Look left and think right. Manage your expectation.
See chart, picture worth a thousand words.
Don’t play play with indicators like GMMA and Woodies CCI. Trade with eyes open. Mange your trade risk.
Trade with Eyes Open
GMMA and Woodies CCI are good signals for trading entry or buy sell strategy.
Woodies CCI provides a short-term entry view, and GMMA provides a longer-term perspective.
When Woodies CCI stay above zeroline, suggest you could buy up, on the other hand when below zeroline, consider sell short. And if price action also inline with the GMMA; fast MA stay above slow MA, buy strategy make sense.
But, when fast MA is below Slow MA, and Slow MA is slopping down and wide open. There are two possibilities, one FAST MA continue to stay below Slow MA, or two, Fast MA close above Slow MA.
When not sure, stand aside to wait for a clearer picture.
Moses Stock Observation
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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.