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Technical analysis indicators of futures 2007-05-24 08: 18:57

Large, medium and small

MACD indicator

MACD is developed according to the advantage that the moving average is easy to grasp the direction of trend change. It uses the index smma of two different speeds (one is fast-short-term moving average and the other is slow-long-term moving average) to calculate the difference (DIF) between them as the basis for judging the market, and then calculates the 9-day smma of its DIF, that is, MACD line. MACD actually uses the signs of convergence and separation of fast and slow moving averages to judge the timing and signal of buying and selling.

(1)MACD basic application method:

In application, MACD takes 12 as the fast moving average (12 moving average) and 26 as the slow moving average (26 moving average). Calculate the values of these two moving averages first, and then calculate the difference between the two values, that is, the difference (DIF) = 12 EMA-20. Then according to this deviation value, calculate the EMA value (that is, MACD value) of No.9; Draw lines for DIF and MACD values respectively, and then analyze them according to "staggered analysis method". When the DIF line breaks through the MACD smooth line upwards, it is to confirm the rebound point, that is, the buy signal. Conversely, when the DIF line falls below the MACD smooth line, it is the point to confirm the downward trend, that is, the selling signal.

(2) Application rules:

① Both DIF and MACD are above 0, and the general trend is bull market.

2 When ②DIF breaks through MACD upwards, you can buy it; If DIF falls below MACD, only the original order can be closed, and the new order cannot enter the market.

3 dif and MACD are below 0, and the general trend is short market.

4 when dif falls below MACD, it can be sold; If DIF breaks through MACD upwards, it can only be used to close the original order, and it is not allowed to pay new orders to enter the market.

⑤ High-grade secondary cross falls and low-grade secondary cross rises.

Average directional motion index

Trend index is also called moving direction index or trend index. It belongs to the technical index of trend judgment. Its basic principle is to analyze the equilibrium point of supply and demand in the process of stock price rise and fall, that is, the periodic process of supply and demand from equilibrium to imbalance under the influence of price changes, thus providing basis for trend judgment. There are three lines of trend indicators: rising indicator line, falling indicator line and average trend indicator line. The number of days can be set for all three lines, generally 14 days.

The calculation method of DMI is very complicated, so I won't introduce it here. Interested users can consult relevant technical analysis books by themselves.

Apply rules:

① When +di crosses -DI upwards, buy.

② When +di crosses -DI downward, sell.

③ When ADX turns its head downwards above 50, it means that the market trend is over.

(4) When ADX falls below +DI, it is not appropriate to enter the market for trading.

⑤ When ADXR is lower than 20, the reaction secrets in TBP and CDP should be used as trading reference.

DMA index

The DMA indicator uses the average line of two different periods to calculate the difference and then divides it by the number of days in the base period. It is the difference between two different average lines in the base period. Because it coordinates the short-term moving average with the long-term moving average, that is to say, it filters out short-term random changes and long-term lag, so that its value can reflect the stock price trend more accurately, truly and objectively. Therefore, it is an indicator reflecting the trend.

Apply rules:

(1) DMA is the difference between two different average lines in the base period. The solid line goes up through the dotted line and buys.

② The solid line goes down through the dotted line and is sold.

3 DMA can also observe the deviation of stock price.

EXPMA index

EXPMA is translated into exponential average, which corrects the shortcomings of the moving average behind the stock price. This indicator responds quickly to the fluctuation of stock price, and its usage is the same as the moving average.

TRIX index

Trix (triple index smma) Chinese name: triple index smma. Using this indicator signal in long-term operation can filter out some short-term fluctuations and avoid some unprofitable transactions and commission losses caused by too frequent transactions. This indicator is a long-term indicator. If you trade according to this indicator signal for a long time, the profit percentage is greater than the loss percentage, and the profit is considerable.

Apply rules:

1 consolidation market This indicator is not applicable.

② TRIX crosses the moving average upward and buys.

③ TRIX goes down through the moving average and sells.

④ When TRIX deviates from the stock price, it should be noted that it will reverse at any time.

⑤ TRIX is the triple exponential smooth average.

BRAR index

BR is an "emotional indicator" based on the position of "anti-market psychology". When people flock to buy stocks, the market is full of good news, big and small, and newspapers and magazines all report that the economic growth rate has risen sharply. Suddenly, the future seems bright. At this time, you should leave abruptly. On the contrary, when the masses have been disappointed in the market and the market is full of bad voices, you should resolutely enter the market and bear it silently. In any case, this road is lonely. You must endure loneliness, overcome difficulties and go the opposite way to others. AR is a potential energy. Since the opening price is a reasonable price agreed by investors after a night of calm thinking, every time the opening price rises to the highest price in a day, it will lose one point of energy. When the AR value rises to a certain limit, it means that the energy has been exhausted, and the stock price that lacks the power to push up will soon face the crisis of reversal. On the contrary, the stock price has not skyrocketed since the opening, which naturally reduces the loss of energy and relatively accumulates and preserves a lot of accumulated energy. This invisible potential may erupt at the right time at any time. On the one hand, observe the emotional temperature of BR, on the other hand, track the rise and fall of AR energy, look at the change of BRAR from this angle, and experience the fluctuation of stock price with' heart', which is the highest realm of using BRAR.

Apply rules:

(1) br =100 is the equilibrium state of strong and weak momentum.

2BR3BR fell by half from the high end, and the stock price rebounded.

4 br rose by half from the low level, and the stock price returned to the file.

⑤BR & gt; More than 400 enter the high-priced circle. AR> 180 above, enter the high-priced circle.

⑥AR & lt; 100, resulting in AR

CR index

It is a tendency to focus only on the closing price, analyze the level and strength of the stock price by comparing the closing price of a certain day with the closing price of that day, and then predict the stock price of tomorrow. On the other hand, from the perspective of paying equal attention to the opening price and closing price, calculating the values of AR and BR is a way to track the stock price trend. Except for the first time, the energy higher than the previous day's middle price is "strong" and the energy lower than the middle price is "weak", and then the CR of the 26-day total is calculated according to the "strong and weak points" to predict the mysterious part of the stock price.

Apply rules:

① The average linear period of Cr is divided into four parts: A, B, C and D from short to long.

② The band formed by C and D is called the main band, and the band formed by A and B is called the secondary band.

(3) When Cr rises from the belt 160%, sell it.

(4) When Cr falls below 40 and returns to the secondary band, and Line A turns from the bottom to the top, buy.

⑤ The main belt and the auxiliary belt represent the main pressure support area and the secondary pressure support area respectively.

⑥ CR is above 400, and gradually enters the high-grade area. Notice the change of one line.

Virtual reality index

Volume ratio (VR for short) is a medium-term technical index to grasp the trading kinetic energy of the market by analyzing the ratio of the daily turnover (or volume, the same below) of the stock price to the daily turnover of the stock price. Mainly used for stock analysis. Its theoretical basis is "quantity and price synchronization" and "quantity must come first", and the method of determining low price and high price through the change of trading volume, thus determining trading time.

(1) calculation formula

VR = sum of daily turnover/sum of n daily turnover.

Where: n days is the setting parameter, which is generally set to 26 days.

(2) Application rules:

① When VR falls below 40%, the market can easily form a bottom.

②VR value is generally distributed around 150%, and once it exceeds 250%, the market is prone to bull market.

(3) If VR exceeds 450%, you should have a high level of crisis awareness and always pay attention to the possibility of reversal. You can use it with CR and PSY.

④ It is more reliable to apply VR when looking for the bottom, and it should be used in conjunction with other indicators when confirming the head.

OBV index

OBV line, also known as OBV energy tide, quantifies the trading volume and makes it a trend line. With the trend line of stock price, we can infer the market atmosphere from the relationship between price change and trading volume increase and decrease. The theoretical basis of OVB is that the change of market price must be accompanied by the change of volume. If the rise and fall of the price does not correspond to the rise and fall of the trading volume, the change of the market price will be difficult to sustain.

(1) calculation method

Accumulate the total daily trading volume of listed stocks. When the closing price of the day is higher than that of the previous day, the total volume is positive, otherwise it is negative, and it is zero if it is flat.

Namely: OBV of the current day = OBV of the previous day plus or minus today's turnover.

Then connect the daily cumulative trading volume into a line, and juxtapose it with the stock price curve in a chart to observe its changes.

(2) Application rules:

① N-type fluctuation of OBV must be observed.

② When the OBV exceeds the previous N-shaped high point, record an upward arrow.

③ When the OBV falls below the previous N-shaped low point, record a downward arrow.

(4) Accumulate five downward or upward arrows, which is a short-term inversion signal.

⑤ Accumulate nine downward or upward arrows, which is the mid-term inversion signal.

⑥ When the N-type fluctuation increases, it should be noted that the market may reverse at any time.

Airspeed indicator

ASI (Cumulative Swing Index) Chinese name: vibration fluctuation index, which was initiated by Wells Wilder. ASI tries to construct a fantasy line with the opening price, the highest price, the lowest price and the closing price to replace the current trend and form a RealMarket line that best represents the current market situation. Velda believes that the transaction price of the day cannot represent the real market situation at that time, and the real market situation must depend on the price of the day and the relationship between the price of the previous day and the price of the next day. After numerous experiments, he decided to choose ASI.

Apply rules:

(1) The stock price reached a new high level, which, like ASI's new high level, represents high and low points that have not been confirmed.

(2) The stock price broke through the pressure line or support line, and ASI desire was not accompanied, which was a false breakthrough.

③ The significant high and low points formed in the early stage of ASI are used as the stop-loss points of ASI. Do long, when ASI falls below the previous low, stop selling; When shorting, when ASI breaks through the previous high point, stop loss to cover the position.

EMV index

Richard W. Ames, the author of Cycle in the Stock Market, wrote The Difficulty of Value Movement based on Ambiguity.

Drawing) principle. If less trading volume can push the stock price up, the EMV value will increase, on the contrary, when the stock price falls only with less trading volume, the EMV value will decrease. On the other hand, if the price does not rise or fall, or if the price rises and falls with a large number of transactions, the value of EMV will approach zero. The principle of this formula is skillfully applied. In the process of stock price decline, due to the constant suppression and retreat of buying gas, the trading volume gradually decreased, and the EMV value also decreased accordingly. Until the stock price fell to a reasonable support area, the cheap order was picked up to promote the trading volume to be active again, and the EMV value rose relatively. When the EMV value approaches zero from negative value, it shows that some funds with firm confidence have successfully reversed the decline of stock price, and the market has not only reversed the rise, but also formed. The buying signal of the market appears at the moment when the EMV value changes from negative to positive. However, with the subsequent rise of the stock price, the transaction volume will not be very large, and generally it will only increase slowly. This moderately stable trading volume will push the EMV value up. Because the head is usually the area with the most concentrated trading volume, the market sentiment will gather more and more. It is not until there is a large trading volume that the EMV value will react in advance and fall, and the market can confirm the official reversal and form a new selling signal. EMV uses this volume and popularity to form a complete stock price system cycle. This indicator guides investors to grasp the steady rhythm of the stock price, always obey the EMV trading signals, and avoid buying stocks when the popularity is gathering and the trading is hot. When the trading volume has gradually shown a sense of powerlessness, the enthusiastic people have not yet noticed that the energy is about to run out, they sell stocks and withdraw from the market.

Apply rules:

( 1)①。 The EMV value goes up, which means the quantity goes down and the price goes up.

②②。 The EMV value drops, which means the quantity drops and the price drops.

(3) EMV tends to 0, which means that the crossover is large.

④.EMV & gt; 0, buy.

(5). EMV<0, for sale.

WVAD index

This is a volume and price indicator to measure the trading volume. Its main theoretical essence is to attach importance to the price between the opening and closing of a day, regard the price above this area as pressure and the price below this area as support, and calculate the percentage of this area in the total fluctuation of a day, so as to measure how much of the trading volume of that day belongs to this area. Become a practical and meaningful trading volume.

If the pressure above this area is high, it will lead to a negative value of WVAD, indicating that the seller has strong strength and should sell its shares at this time. If the support below this area is large, it will make WVAD become positive, indicating that the buyer is strong and should buy stocks at this time.

There is only a thin line between positive and negative WVAD. It is very consistent with the theory of oriental philosophy and technology that we promote. Because the simulation test cycle is long, the longer the cycle, the better the test effect.

Apply rules:

(1). The index is positive, indicating that the kinetic energy of many parties is dominant and should be bought.

(2). The indicator is negative, indicating that the empty side is dominant and should be sold.

③.WVAD is a measure of the combat effectiveness balance between long and short sides from the opening to the closing of the stock price.

④ When using WVAD index, the parameters should be kept for a long time.

RSI index

The relative strength index is to analyze the intention and strength of buying and selling in the market by comparing the average closing increase and average closing decrease in a period of time, so as to make the future market trend.

(1) calculation formula and method

RSI = < rising average ÷ (rising average+falling average) >×100

Apply rules:

① RSI values are normally distributed between 0%- 100%. On the 6th, when the RSI value is above 94%, the stock market is overbought. If there are M heads, it is a selling opportunity. On the 6th, when the RSI value is lower than 13%, the stock market is oversold. If the bottom of W appears, it is the time to buy.

② When the fast RSI breaks through the slow RSI from bottom to top, it is a buying opportunity; When the slow RSI falls below the fast RSI from top to bottom, it is the selling opportunity.

W%R index

William index w% r uses the swing point to measure the oversold phenomenon in the stock market, and can predict the high or low point in the cycle, thus putting forward an effective investment signal,% r =100-(c-ln)/(HN-ln) ×100.

Where: C is the closing price of the day, Ln is the lowest price in N days, and Hn is the highest price in N days. In the formula, n days is an optional parameter, which is generally set to 14 or 20 days.

Apply rules:

① W%R is between 100% and 0%; Bottom 100%, top 0%.

② 80% is set as "oversold line". When the price reaches 80%- 100% and then rises above 80% again, it is a buy signal.

③ 20% is set as "overbought line". When the price is between 20% and 0%, and then falls below 20% again, this is a selling signal.

(4) 50% set a "central axis", when the market crosses from bottom to top, it means confirming the buying signal; When the market crosses from the top to the bottom, it indicates that the selling signal is confirmed.

SAR index

Parabolic turning, also known as stop-loss turning, is to observe the trading point by adjusting the position of stop-loss point at any time through parabola. Because the stop-loss point (also called turning point SAR) moves in an arc way, it is called parabolic turning index.

Apply rules:

① If the closing price is higher or lower than SAR on any day, short or long stop loss trading will be conducted.

(2) Any stop-loss trading is also regarded as a change in market conditions, and traders must change their positions and engage in new trend trading.

3 closing price > SAR, short stop loss.

④ closing price

KDJ index

The full name of KDJ is random index, which was created by George Ryan. Its comprehensive momentum concept, strength index and the advantages of moving average have been applied to futures investment for several years, and the effect is quite remarkable. At present, it is one of the most commonly used indicators in the stock market.

Application principle:

① The value of k crosses the value of d from the selling right, and the value of k crosses the value of d from the buying right.

High-level cross downward confirmation for two consecutive times and low-level cross downward confirmation for two consecutive times.

Low-end continuous upward cross-validation benefits.

② D value; 90% overbought; J> 100% overbought, J.

③KD value is meaningless when wandering around 50% or crossing.

(4) stocks that are too speculative are not applicable.

⑤ You can observe the deviation between KD value and stock price to confirm the high and low points.

CCI index

Homeopathic index, created by DonaldLambert, specifically measures whether the stock price has exceeded the normal distribution range. It is a special overbought and oversold index that fluctuates between positive infinity and negative infinity. But there is no need to take 0 as the central axis, which is also different from the indicators of positive infinity and negative infinity. But every overbought and oversold indicator has "antenna" and "ground wire". Except for the index with 50 as the central axis, the antenna and ground wire are 80 and 20 respectively. The positions of antenna and ground wire of other overbought and oversold indexes are necessarily different according to different markets and different stock characteristics. The antenna and ground with unique CCI index are+100 and-100, respectively.

Application principle:

① When CCI deviates from the stock price, it is an obvious warning signal.

② The normal fluctuation range of ②CCI is between 100, in which+100 is an overbought signal and-100 is an oversold signal.

③ CCI mainly measures the variability outside the normal price range.

ROC index

ROC indicator can monitor both normal and extreme markets, which is equivalent to integrating the characteristics of RSI, W% R, KDJ and CCI. ROC must also be equipped with antenna and ground wire. But it has three antennas and three ground wires (sometimes only one ground wire needs to be drawn on the map). Different from other overbought and oversold indicators, and the position of horizon is neither 80 nor 20, nor+100 and-100, the position of ROC indicator horizon is uncertain.

Apply rules:

① ROC has overbought and oversold functions.

② The overbought and oversold range of individual stocks is slightly different with different price ratios, but it is always between 6.5.

(3) When the ROC reaches the oversold level, buy it; When you reach the overbought level, sell.

4 ROC can also deviate from the stock price.

Microphone indicator

① Weak S, medium S and strong S lines represent primary, intermediate and strong support.

② The three lines of weak R, medium R and strong R represent primary, intermediate and strong pressure.

③ The basic indicator of Mike is a path indicator, calculated according to the typical price, including three ribbon supports and pressure. This column is not graphically represented. Please operate according to the data.

Brin index

Bollinger Band is a path index, which consists of two lines, the upper limit and the lower limit, forming a banded path. When the stock price exceeds the upper limit, it means overbought, and when the stock price exceeds the lower limit, it means oversold. The overbought and oversold effect of the bollinger band indicator can only be applied to the horizontally arranged market.

Apply rules:

(1) The bollinger Band can display its safe high and low prices by using the band.

(2) When the volatility becomes smaller and the band becomes narrower, there may be drastic price fluctuations immediately.

(3) When the high and low points cross the edge of the wave area, they immediately return to the wave area, and there will be a gear back.

(4) After the band starts to move, entering another band in this way is quite helpful to find out the target value.

TWR Baota line

Baota Line is a line that divides the stock price fluctuation and judges its fluctuation trend with black and white (virtual body, entity) solid bar line. It also shows the change of the process and strength of the long-short struggle in the picture, and shows the appropriate buying time and selling time. Its characteristics are similar to bitmap, that is, it does not record the daily or weekly stock price change process, but records and draws when the stock price continuously hits new highs (or new lows) or rises or falls in the opposite direction.

Apply rules:

① When the Baota Line turns red, it is the buying opportunity, and the stock price will continue for a rising period.

② The turning of Baota Line to blue is a selling opportunity, and the stock price will continue to decline for a period of time.

(3) During the game, the small turn of Baota Line is white, and the small turn of black can be ignored.

(4) When the Baota Line grows blue, it should be profitable immediately. After a period of blue decline, it suddenly turns red, which may be a false breakthrough, so it is not appropriate to enter the venue rashly. It is best to observe the K-line and volume for a few days before making a decision.

⑤ Baota Line is suitable for short-term operation, but it is best to use it with indicators such as K-line and moving average, which can reduce the probability of misjudgment. For example, if the 10 moving average goes flat and the Baota line turns black, it needs to be sold.

turnover rate

The turnover rate, also known as turnover rate, is an indicator of market sentiment, which is defined as the frequency at which stocks change hands in a certain period of time. The higher the stock turnover rate, the more lively the stock is, which is what investors call a hot stock; Conversely, stocks with low turnover rate are so-called unpopular stocks.

The advantage of hot stocks is that they are easy to get in and out, and there will be no phenomenon of being unable to get in or wanting to sell. But it is worth noting that stocks with high turnover rate are often the target of short-term speculators, so the stock price will fluctuate greatly.

(2) Because each circulating chip is different, when looking at the turnover rate, it should be increased or decreased from the perspective of applying the trend line, and should not be limited to the numerical value.

Deviation rate

It is a technical index derived from the principle of moving average, and its main function is to measure the degree to which the stock price deviates from the moving average in the process of fluctuation, so as to obtain the credibility that the stock price may retreat or rebound due to deviating from the moving average trend when it fluctuates violently, and the stock price moves within the normal fluctuation range to form the original trend.

The market measurement principle of deviation is based on the principle that if the stock price deviates too far from the moving average, whether it is above or below the moving average, it may tend to the moving average. Deviation rate indicates the percentage that the stock price deviates from the trend index.

① Calculation formula

Y value = (closing price of the day -n-day moving average closing price) /n-day moving average closing price × 100%.

Among them, n days is a setting parameter, which can be set according to the moving average days you choose, generally divided into 6 days, 12 days, 24 days, 72 days, or 10 days, 30 days, 75 days.

② Application principle

Deviation rate is divided into positive deviation and negative deviation. When the stock price is above the moving average, the deviation rate is positive, and vice versa. When the stock price is consistent with the moving average, the deviation rate is 0. With the fluctuation of the stock price trend, the deviation rate shuttles back and forth around 0, and its value has a certain market measurement effect on the future trend. Generally speaking, when the positive riding rate rises to a certain proportion, it means that the bulls are more likely to take profits in the short term, which indicates the selling signal; When the negative take-off rate drops to a certain proportion, it shows that short covering is more likely to buy. As for the extent to which the riding rate is the correct buying or selling point, there is no unified principle at present. Users can judge the strength of the market through their own experience and draw a comprehensive conclusion. Generally speaking, in the rising market, in case of negative take-off rate, you can buy at the falling price, because the risk of entering the market is small; In case the downward trend of the megatrend deviates, you can leave when the price rises.

Because the stock price has different deviation rates relative to the moving averages of different days, the deviation rates of short-,medium-and long-term stocks are generally regular, except that skyrocketing or plunging will make the deviation rate reach a high percentage instantly. The following are the reference data of foreign moving averages on different days to meet the requirements of trading information numbers:

6-day average deviation: -3% is a buying opportunity and +3.5 is a selling opportunity;

12 moving average deviation: -4.5% is a buying opportunity and +5% is a selling opportunity;

24-day average deviation: -7% is a buying opportunity and +8% is a selling opportunity;

72-day average deviation:-1 1% is a buying opportunity, and+1 1% is a selling opportunity;

Slow KD(SKD)

It is a kind of stochastics, but the KD index fluctuates rapidly and the SKD line fluctuates slowly. According to the stock market experience, SKD is more suitable for short-term, because it is not prone to jitter noise, the trading point is clearer than KD, and the K value of SKD line appears at a low level. When it deviates from the index, it should be bought, especially when the k value exceeds the d value for the second time.

Difference and deviation rate of DBCD

① Formula description:

First calculate the deviation of deviation rate, then calculate the deviation between different daily deviation rates, and finally smooth the deviation exponentially.

② Features:

The principle and construction method are similar to the deviation rate, and the usage is the same as the deviation rate. The advantages are that the indicators can keep close synchronization, the lines are smooth, the signals are clear, and false signals can be effectively filtered out.

Lw & William index

① LWR William index is actually the complement of KD index, namely (100-KD).

LWR 1 line (100 line k)

LWR2 line (100 line d)

Parameter: n, M 1, M2 days, generally 9, 3, 3.

② Usage:

1.LWR2 & lt30, overbought; LWR2 & gt70, oversold.

2. Line LWR 1 below the line LWR2 buy signal;

The line LWR 1 breaks through the line LWR2 upward, and sells the signal.

3. The intersection of LWR1line and LWR2 line is only valid when it is below 30 and above 70.

4.LWR index is not suitable for stocks with small circulation and inactive trading;

5.LWR indicators are extremely accurate for large-cap stocks and popular large-cap stocks.

MTM momentum index

(1) momento index is a technical analysis index that specializes in stock price fluctuations. It aims to analyze the speed of stock price fluctuation, study various acceleration, deceleration and inertia effects of stock price in the process of fluctuation, and the phenomenon that stock price changes from static to dynamic or from dynamic to static. The theoretical basis of momentum index is the relationship between price and supply and demand. With the passage of time, the increase of stock price must be gradually reduced, and the speed of change will slowly slow down before the market can reverse. On the contrary, the decline is also a fact. Momentum index calculates the speed of stock price fluctuation in this way, and obtains different signals such as stock price entering a strong peak and turning into a weak trough, which has become a favorite market measurement tool for investors. The momentum change of stock price in fluctuation can be reflected by connecting the daily momentum points into curves, that is, momentum lines. In the momentum index diagram, the horizontal line represents time and the vertical line represents momentum range. Momentum takes 0 as the center line, that is, the static velocity region. Above the center line is the stock price rising area, and below it is the stock price falling area. The momentum line moves back and forth periodically around the center line according to the fluctuation of stock price, thus reflecting the speed of stock price fluctuation.

② Calculation formula

MTM = China-Canada

Where: c is the closing price of the day, Cn is the closing price before n, and n is the setting parameter. Generally, you can choose 10 days, or you can choose 6 days to 14 days.

③ Application principle

1. In general, the selling time is when MTM breaks below the midline from top to bottom, whereas the buying time is when MTM breaks below the midline from bottom to top.

2. When the 10 moving average is selected, when the MTMT is above the median line, it will be a sell signal, and when the MTMT is below the median line, it will be a buy signal.

3. The stock price hit a point in the rising market, but MTMT failed to cooperate with the rise, which means that the upward momentum is weakened. At this time, we should pay attention to the market and beware of stock price reversal.

4. The stock price went out of a new low in the falling market, and MTM failed to cooperate with the decline, which meant that the downward momentum weakened. At this time, we should pay attention to bargain hunting.

5. If the stock price and MTM rise synchronously at a low level, it means that there will be a rebound in the short term; If the stock price and MTM fall synchronously at a high level, it means that the stock price may fall back in the short term.

④ evaluation

Sometimes it is too simple to analyze and study with momentum value. In practice, it is used together with a moving average of momentum value to form the cross phenomenon of fast and slow moving averages, which is used to compare and correct momentum indicators, and the effect is very good.

PSY psychological line

① Psychological line is based on the study of investors, which transforms the psychology and facts that investors tend to be buyers or sellers in a certain period into numerical values, and forms popularity indicators as parameters for buying and selling stocks.

② Calculation method

Psy = number of rising days in a day /N× 100

N is generally set to 12 days, with the maximum not exceeding 24 and the longest weekly line not exceeding 26.

③ Application principle

1, the percentage value calculated by psychological line formula, when it exceeds 75, it is overbought, when it is below 25, it is oversold, and the percentage value is normally distributed in the area of 25-75. However, when the market rises, the selling point should be mentioned above 75; When the market falls, the buying point should fall below 45. The specific value should be based on experience and other indicators.

2. Before the rising market starts, the oversold low usually appears twice. Similarly, before the decline begins, the highest point of overbought will appear twice. When the second overbought low point or overbought high point appears, it is generally the time to buy or sell.

3. When the percentage value falls below 10 or 10, it is really overbought. This is a short-term rebound opportunity, and you should buy it immediately.

4. Psychological line mainly reflects the overbought or oversold of market psychology. Therefore, when the percentage value moves up and down in the normal area, we should generally take a wait-and-see attitude.

5. The high points appear intensively twice as a selling signal; The low point appears twice as a buying signal.

6, psychological line and VR are used together to determine short-term trading points, which can find out the high and low points of each wave.

7. The combination of psychological line and counterclockwise curve can improve the accuracy and clearly point out the head and bottom.

OSC swing line

OSC formula = closing of the day–average line price of several days.

① When the shock point is greater than 0 and the stock price trend is still rising, it is a bullish trend; Conversely, when the shock point is less than 0 and the stock price trend falls, it is a short trend.

(2) OSC can judge the fluctuation signal by tangent.

③ OSC can indicate entry and exit points through morphology.

(4) If OSC deviates from the price, the reversal day is not far away.

B36 12 three minus six-day deviation

① Algorithm:

B36 Difference between 3-day moving average and 6-day moving average of closing price

The difference between the 6-day moving average of B6 12 closing price and the 12 moving average.

Usage: the deviation value fluctuates near the zero point of the long-short balance point. When the positive number reaches a certain level and cannot rise any more, it is the selling opportunity; On the contrary, it is the time to buy. In the bullish trend, the market retracement is mostly supported by three MINUS six days and zero, and even if it falls below, it will soon be pulled back.