The SCR line is below the downline, indicating that the chips are scattered and the main funds have been withdrawn or there is no main fund left. For this kind of stock, don't open a position unless the stock index is ultra-low and the stock value is good, and you should make long-term value investment.
The SCR line is in the offline-midline range, indicating that the chip concentration is relatively scattered, and it also shows that the main signs are not obvious, mainly because retail investors are speculating. At this time, the stock price will generally not rise sharply, because the chips are scattered, and the cost of raising the stock price is high and the intensity is great. In this range, it is not appropriate to open a position, so it is best to wait and see.
SCR from the midline upward force across the line, is a sign of the main position, should be highly closed. The greater the upward force, the more obvious the main signs of opening positions.
SCR is an English abbreviation with many meanings, such as chip concentration, steel catenary riser (SCR), silicon controlled rectifier (SCR), selective catalytic reduction (SCR), and a file type in computer.
Chip concentration formula:
p 1 = 100 A:= p 1+( 100-p 1)/2;
b:=( 100-p 1)/2; CC:= cost (a);
DD:= cost (b);
SCR:(CC-DD)/(CC+DD)* 100/2 .
The chip concentration index SCR in the system generally has three standard values, and the reference value varies with the total circulating share capital.
References:
Baidu encyclopedia -—SCR