28 July 2021
Welcome!
Welcome to AmiBroker Academy dot com, amibrokeracademy.com.
Here, we simply 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) Shanghai Stock Exchange Composite Index and River
After two long big bear bars or candlesticks. Now, Doji, indecision. From a chart pattern, you can see a bear flag chart pattern.
Trade with eyes open.
2) Shanghai Stock Exchange Composite Index and River
34 EMA slops up and above 200 MA, bull trend. Price Action should also stay above the River at this point. Raghee uses 34 EMA, high, low and close to see the wave direction,
Price Action crosses and closes below River, in March. Price Action try to breakout River but fail. Only until May price action breakout above River. But, shortly after the price breakout below River. River begin to go flat.
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.