ST Index and US Dow Jones Index Correlation | AmiBrokerAcademy.com

February 6, 2018

Who Leading Who

We do not spent time checking the company market news. But we spent our time reading the chart. See what the price action and chart has the message for us.

We look left and think right (future).

Have fun learning.

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. Thereafter slowly climb up, step by step.

^STI Straits Times Index and US Dow Jones Index Correlation 

We studied STI chart, we look left and think right. We spotted number of ABCD sell and ABCD buy pattern. Now, let’s benchmark Singapore stocks index with US stock market such as Dow Jones Industrial Average. See chart for more.

Who leading who?

The market understanding is US stock markets lead the Asia market. Likewise for ST Index.

 

 

Have fun!

 

February 2, 2018 Straits Times Index and US Dow Jones Index Correlation

 

^STI ST Index and Channel

See chart price trapped within channel. 

February 2, 2018 Straits Times Index and Channel

 

 

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.