Buy Signal
1) Accumulation/Distribution as leading indicator for price uptrend
2) Chaikin as leading indicator for Accumulation/Distribution uptrend
3) Bollinger Bands and the price are outside or inside the upper band
4) RSI and Williams %R to check if it is oversold/overbought
5) MACD rises above the signal line
6) Moving Average Cross Over where short cross on top over the long (7,14)
7) Single Moving Average where price cross on top
8) Buy Volume Increase and above Average Volume of past days
9) If possible based on the number of days to monitor, plot the trendlines to see if it is uptrend, downtrend, ascending/descending triangle, inverted or no-inverted head and shoulders, double top/bottom, rounding top/bottom, flatline, parabolic etc etc. But there can be many degree of slopes where the trendlines are plotted so this last step is a tough one always for me



No comments:
Post a Comment