Post by Admin on Aug 4, 2013 13:02:20 GMT 8
Jun 18, 2013; 9:17am Oliver Oliver Hu Li Yang - Trend change using 10P SMA
Hi,
In one of Hu Li Yang's video, 20120422 - 教您卖股票.mp4, he talked about the importance of 10-period moving average of weekly prices turning or down as trend change indicators.
Trend change from Up to Down:
2 consecutive green candlesticks
Then 10P weekly SMA turns down
Trend change from Down to Up:
3 consecutive red candlesticks
Then 10P weekly SMA turns up
I am a little confused with the color of the candlesticks.
For Up trend, shouldn't the 2 consecutive CS be RED either Close lower than Open?
For Down trend, shouldn't the 3 consecutive CS be Green either Close higher than Open?
Appreciate any expert here to throw some light...
Hi,
In one of Hu Li Yang's video, 20120422 - 教您卖股票.mp4, he talked about the importance of 10-period moving average of weekly prices turning or down as trend change indicators.
Trend change from Up to Down:
2 consecutive green candlesticks
Then 10P weekly SMA turns down
Trend change from Down to Up:
3 consecutive red candlesticks
Then 10P weekly SMA turns up
I am a little confused with the color of the candlesticks.
For Up trend, shouldn't the 2 consecutive CS be RED either Close lower than Open?
For Down trend, shouldn't the 3 consecutive CS be Green either Close higher than Open?
Appreciate any expert here to throw some light...