Thursday, April 21
Technical Analysis of Eastern Cables (Ecables)
Alligator: Bullish
ADX=Rising
A bullish breakout happen, please have a look on following picture:
Southwind says: TMA, ADX, MACD gives bullish signal but it is in Distribution Zone now. Have a look on following picture:
So, take your decision according to analysis.
ADX=Rising
A bullish breakout happen, please have a look on following picture:
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| Bullish Break out of Ecables |
Southwind says: TMA, ADX, MACD gives bullish signal but it is in Distribution Zone now. Have a look on following picture:
So, take your decision according to analysis.
Tuesday, April 19
Awesome Oscillator Technical Indicator (AO)
Awesome Oscillator Technical
Indicator (AO) is a 34-period simple moving average, plotted through the
middle points of the bars (H+L)/2, which is subtracted from the
5-period simple moving average, built across the central points of the
bars (H+L)/2. It shows us quite clearly what’s happening to the market
driving force at the present moment.
This indicator plots the oscillator as a histogram where blue denotes
periods suited for buying and red . for selling. If the current value
of AO (Awesome Oscillator) is above previous, the period is considered
suited for buying and the period is marked blue. If the AO value is not
above previous, the period is considered suited for selling and the
indicator marks it as red.
Caution: Don't follow only one indicator, use other indicators to confirm buy-sale signals
AFL: Awesome Indicator afl (to download afl click here)
(download this afl file, unzip and paste it in custom folder under Formals in AmiBroker)
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| Awesome Indicator |
Caution: Don't follow only one indicator, use other indicators to confirm buy-sale signals
AFL: Awesome Indicator afl (to download afl click here)
(download this afl file, unzip and paste it in custom folder under Formals in AmiBroker)
Technical Indicator: William Alligator for Amibroker
This is an accurate Alligator indicator based on the mid price and smoothed as Bill Williams specifies.
This Alligator is also projected into the future as Williams prefers.
Here is a screenshot of how the indicator looks:
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| Alligator Indicator |
Bill Williams describes the Alligator as being like a compass which keeps your trading in the right direction. The Alligator helps you spot a real trend and stay out of range-bound trading, which always result in losses. The Alligator is the combination of three balance lines:
Alligator’s Jaw (the blue line) – 13-period moving average at the mid price (High+Low)/2, which is offset 8 bars into the future;
Alligator’s Teeth (the red line) – 8-period moving average at the mid price (High+Low)/2, which is offset 5 bars into the future;
Alligator’s Lips (the green line) – 5-period moving average at the mid price (High+Low)/2, which is offset 2 bars into the future.
What the Alligator does?
The Alligator identifies trending & non-trending markets. It also specifies the direction of the trend.
Basic Rules
If all three lines are intertwined, the Alligator is asleep and the market is range-bound. The longer it sleeps, the hungrier it gets. When it wakes up from a long sleep it chases the price much farther, therefore price movements are much stronger.
When the Alligator is asleep, stay away.
If the Alligator is not asleep, the market is either uptrending or downtrending:
- if the price is above the Alligator’s mouth then it’s an uptrend;
- if the price is below the Alligator’s mouth then it’s a downtrend.
Once the Alligator wakes up, it opens its mouth (the three lines diverge) and starts hunting. Having eaten enough, it goes to sleep again (the three Lines converge), so it’s time to take profits.
Quick tips how to use "William Alligator"
Buy when candelstick is above the blue line (jaws) / Pass Jaws line.
Sell when candelstick is under / pass jaws line.
AFL: Alligator Indicator (to download afl click here) (download this afl file, unzip and paste it in custom folder under Formals in AmiBroker)
Saturday, April 2
