《国际期货市场运作》课程教学课件（PPT讲稿）Chapter 11 Timing Indicators

Chapter 11 Technical Analysis:Timing Indicators

Chapter 11 Technical Analysis: Timing Indicators

MOVING AVERAGES A moving average is a simple mathematical manipulation of raw data that provides up-to- date or moving indications of market activity

MOVING AVERAGES A moving average is a simple mathematical manipulation of raw data that provides up-to￾date or moving indications of market activity

Dow Jones Industry Average Daily 11012002C=8517.64+120.610=8395.64H=8569.25L=8271.77 10000.01 9500.00 9000.00 8500.00 8000.00 7500.00 Jun Jul Aua sep Oct Created with uperCharts by Ome ga Research 1997

◼ Dow Jones Industry Average Daily

Multiple Moving Averages Many analysts have found that a single moving average is not accurate enough to use as a timing device,particularly in choppy markets

Many analysts have found that a single moving average is not accurate enough to use as a timing device, particularly in choppy markets. Multiple Moving Averages

Using the Moving Average Sell the long position Go long Long-term MA Go short Short-term MA

Go long Sell the long position Go short Long-term MA Short-term MA Using the Moving Average

Comex Copper-High Grade Daily RHGZ02 [30]-Copper-High Grade (Day) 992002 LAST: CHANGE: HIGH: LOW: VMA(RHGZ2,MA:5,MA:10,MA20)MA1=68.4MA2=68.97MA3=68.77 80.00 78.00 76.00 74.00 72.00 70.00 68.00 futuresource.com Jul Aug Sep Daily

Comex Copper-High Grade Daily

Conclusions about Moving Averages Moving average signals are popular among many money managers and speculators

Moving average signals are popular among many money managers and speculators. Conclusions about Moving Averages

Stochastic Indicator WZ02 [10]-Wheat (Day) 11/12002 LAST: CHANGE: HIGH LOW: 4a'0 430'0 420' 样 400 400 3e00 3700 300 3500 3200 3100 T00w2,14,3)% 7%D=79 100.0 20n futuresource.com Jul Daily

Stochastic Indicator

The Stochastic Indicator(SI) The stochastic indicator(SI)was popularized by Dr. George Lane. The relative strength indicator(RSI)is essentially similar to the Sl. The difference is that SI has two values while RSI has only one.The second SI value is derived by computing a moving average of the first SI value

◼ The stochastic indicator(SI) was popularized by Dr. George Lane. ◼ The relative strength indicator (RSI) is essentially similar to the SI. ◼ The difference is that SI has two values while RSI has only one. The second SI value is derived by computing a moving average of the first SI value. The Stochastic Indicator (SI)

Wilder's Relative Strength Index RSI uses a mathematical formula to determine market strength,weakness, probable low or probable high

Wilder’s Relative Strength Index RSI uses a mathematical formula to determine market strength, weakness, probable low or probable high