8 July 2021
Welcome!
Welcome to AmiBroker Academy dot com, amibrokeracademy.com.
We sometime bench mark stock price action with index such as Dow Index, and also we use other tools such as 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 chart. See our simple reading of price action. We read Cryptocurrencies price action chart too.
The following we use correlation to benchmark Dow Jones Index with stock chart like Apple Inc. See chart for more.
We translate price action chart into layman language. This will help you in understand the financial instrument you are trading. We believe picture worth a thousand words. So, sometimes we use less words. You can learn the price action interpretation too. Give it a tray. You may not have the same view points as us. Remember all analysis read price action chart differently. It is just like reading an essay, we will have different conclusion.
Trade well.
Trade what you see. Manage your risk.
1) Hang Seng Index 恒生指数 and Bitcoin Crypto Correlation
We use bollinger bands to enclosed Hang Seng Index and Bitcoin cryptocurrency. Hang Seng Index is moving from low to high from last September to February. Price Action pullback and test the 100 MA, finally price action breakout below and test the 200 MA. If you study the bollinger bands also get narrow.
Bitcoin crypto also has a similar trend, price action goes from low to high and pullback. Price Action is now supported by the 200 MA.
We just read what the chart said. Have fun!
We all read the same chart, but we may have different conclusion.
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.