1. Select a date from the date list. (Default to the latest date)
2. Select Daily or Weekly. (Default to daily chart)
3. You have the option to check if you want the MACD Histogram to be above 0
4. Scanned Result (It shows a list of symbols that meet your requirement)
5. Review Stock Charts
Pick any symbol from the output and review their charts. In this example, we use the symbol CHB and look at its chart below. We can see from the chart
that the MACD just crossover.
MACD Trading System
A good way to study technical analysis is to study the past and predict future performances. In order to do that, you need to have a trading system that's
been backtested, and which works for you. To learn how to come up with a trading system with candlestick, do the following:
1. Select a date from the past, let's say 2008-07-22
2. Select Daily or Weekly. (Default to daily chart)
3. You have the option to check if you want the MACD Histogram to be above 0
4. Scanned Result (Note: It shows today's information for the moving average crossover symbols that were formed on 2008-07-22)
5. Focus on the symbols that return positive (symbols in green) outcome today - (Study the chart for each symbol and find patterns for the ones that return the most profit)
(Study the chart for each symbol and find patterns for the ones that return the most profit)
For example: Since the symbol AOI returns a 7.23% increase, we definitely want to see how that chart looks like. The following chart shows the symbol AOI ‘sclose at $3.87 and MACD is just crossover on 2008-07-22.
If you buy this stock on the next day's open at 3.89, today your profit will be up by 10.53% which is only 3 days.
Important Note:
Please note patterns doesn't work 100% of time otherwise everyone will be rich. Our tool only helps you to find the patterns you defined, but you have to make your own decisions base on the result. If you want to be successful in trading, you will have to study the charts and backtest
your system everyday.