"There are two main types of MACD divergence recognized by the technical community, one is the top divergence, when the stock price trend has been rising and one peak is higher than the other, while the DEA yellow line on the MACD indicator chart, and the trend of the bar composed of red columns is one peak lower than the other, it is a top divergence. The top divergence generally represents the gradual reduction of the bullish power, which is a signal that the stock price is about to reverse the trend at a high level, indicating that the stock price is about to fall, and it is a signal to sell the stock. ”

Ding Xu said, "And the bottom divergence generally occurs in the low area of the stock price. When the stock price is still falling, but the DEA line and the green bar on the MACD indicator chart are moving higher than the bottom, it is a bottom divergence. The bottom divergence is generally a signal that the market will reverse upward, indicating that the stock price may stop falling and rebound in the short term, which is a signal to buy stocks in the short term. Of course, how long to hold the stock needs to be confirmed according to the market outlook. ”

"I have also studied this divergence, but sometimes, there is a divergence after the divergence, and even three or four consecutive divergences in the process of falling, but the stock price is still falling endlessly. In addition, the divergence is different for different periods. Maybe there is no divergence on the daily chart, but there is a divergence on the 5-minute candlestick chart, what should I do? SS asked.

"Well, in actual combat, it is not possible to accurately confirm how long the market will diverge, and how many times it will diverge, before there will be a turnaround. Sometimes there is a transition very quickly, and sometimes it continues for a period of time until the next transition is born. However, according to my observations, the market diverges at the top less often, usually only twice. At the bottom, there are more divergences, usually two or three times, or even more than four times. In addition, the tighter the divergence, the longer the divergence, and the greater the likelihood of a reversal. ”

Ding Xu replied, "Although the MACD indicator is the only one of the technical indicators that can be used alone and has a high accuracy rate, it is also a relatively lagging indicator, so the MACD indicator is mainly used for long-term trend judgment." Generally speaking, the longer the period, the more trustworthy it is, such as the divergence between the weekly and monthly lines, and it is difficult to deceive the line with such a long period. ”

"When judging the divergence, do you look at the white line or the yellow line? There are different versions on the Internet, some say look at the white line, some say look at the yellow line. SS asked.

"Personally, I think it's mainly to look at the yellow dea line below a few highs, because the white line is a short-term moving average, and the yellow line is a long-term moving average, and the white line is more responsive, faster when escaping the top, but easy to misjudge. Although the yellow line is more accurate, it is only slightly lagging behind, and the sensitivity is a little worse when escaping the top, but it is more accurate. The intersection of the yellow and white lines is even more lagging, and often when the intersection occurs, the stock price has risen or fallen a lot. ”

Ding Xu explained, "Of course, some people are used to looking at the white line, or looking at the intersection of the yellow and white lines. As long as it has been verified and proven to have a high success rate, it is actually possible. And I have observed that although the yellow line and the white line are one high and one low, the overall trend is the same, so whether the yellow line or the white line is used, the overall effect is actually about the same. Moreover, the parameters of the indicator can also be adjusted, if you feel lagged, you can adjust the time a little shorter, and you can also use different sub-level periods to observe. In addition, no matter what indicator is applied to you, it is the best indicator, so whether you use the high point of the yellow line or the white line, or the crosspoint, it must be verified and proven to be accurate, so you should always use this standard, and do not change it. ”

"Miracle, why is this red column and green column called the energy column? How does this work? "The strange uncle who just used the year-end bonus to enter the stock market to speculate happened to be learning technical indicators recently, and quickly put forward a question that he just thought of today.

"This red and green bar, also known as MACD in scientific name Bar, is a histogram that subtracts the value of the DIF white line from the value of the DEA yellow line. The red bar represents a positive value and represents the bullish energy, and the green bar represents a negative value and represents the bearish energy. The analysis with red and green columns is intuitive, clear and practical. ”

Ding Xu said with a smile, "There is a little trick of cycle analysis here, the longer the interval between green columns, the greater and longer the future rise." The longer the red bar lasts, the greater the room and strength of the future decline tends to be, and the longer the time. ”

"It seems to understand but not understand." Uncle Blame scratched his head.

Ding Xu marked a few arrow symbols with arrows on a trend chart he came up with, and explained: "It's easy to understand by looking at the chart more." For example, the trend of 6OO855 stock from June to September 1999 is analyzed according to the pattern of MACD. On June 3o,,,, this MACD is the height of the red bar. After June 3o, the stock price has risen all the way,,,。 That is, the stock price hit a new high, and the indicator did not follow the new high, but gradually moved lower anyway. Draw two straight lines to indicate that the stock price is an upward line and the MACD indicator is a downward red, which is the obvious top divergence characteristic. Subsequently, the stock price began to reverse and fall. ”

"Divergence is the other way around?" Big Meat Bun asked with interest.

"Well, that's pretty much it." Ding Xu made another picture and explained, "Let's take a look at the stock ooooo1 again." On April 23, 1998,,。 June 17,,。 July 1,,。 July 2o,,。 You see, the four lows of the green bar, each higher than the other, while the stock price continued to fall, forming four divergences in a row, of which the second and third were divergences from the bottom. In this case, the stock price finally stabilized and began to rebound sharply. Of course, since it is in a bear market, the rally is followed by a long decline, but this is at least a short-term opportunity. ”

"Where's the bun and the big plate?" Yuying is obviously not interested in other stocks, only Baotou Steel rare earth.

"The market fell to around 27oo points last year, and the index continued to hit new lows, but the green columns representing the strength of the fall continued to shrink, and the lowest point of each green column showed a trend of higher than the bottom. The lows and intersections of the yellow and white lines are also slowly rising, which is obviously a typical bottom divergence, and this bottom divergence has lasted four times, which can basically confirm that the bottom divergence is completely established and worth buying. After all, the more divergences there are, the more room for subsequent rebounds, and it's certainly worth a try. ”

Ding Xu said with a smile, "And in the process of the bun falling, there was also this kind of bottom divergence." Although I did it again after I finished the second bureau of China Railway, the bottom divergence had disappeared at that time, and it was impossible to copy the lowest price, but I could buy it at a relatively low price, and it could be regarded as the bottom. In addition, on November 1O, 2oo8, MACD formed a weak golden cross, a dead cross on December 23, and a strong golden cross near the zero axis on January 8 this year. At present, the red column is still expanding, and the trend is still improving, so today's shock adjustment is nothing at all. Be optimistic about the general trend and firmly hold the stock. ”

Listening to Ding Xu's analysis, everyone was relieved.

Uncle Strange took the opportunity to ask a new question: "Miracle, I can fight with many indicators now." For example, when I first opened an account, the account manager of the securities company recommended that I learn to use KDJ and R private indicators, and told me what is the golden cross and the death cross. I observed that it didn't work at times, but it was generally accurate. It's just that I just learned the MACD indicator in the past two days, but now the MACD and KDJ indicators often diverge. For example, when the MACD starts to cross upwards, KDJ runs downwards, even in the process of a death fork. How can you tell if this is like this? ”

"This question is really important, because KDJ and R are fast indicators, and they react quickly but are prone to mistakes. MACD is a slow indicator, with some lag but high accuracy, each with its own strengths. Because the two indicators react to the trend differently and slowly, it is naturally easy to conflict. Theoretically, it is better for all technical indicators to resonate, and it is easy to judge, but the timing of such resonance is difficult to find. Moreover, the technical indicators are basically deduced based on the volume and transaction price, and the relationship between volume and price can be understood. ”

Ding Xu explained, "In addition, I think that for general retail investors to do medium and long-term, it doesn't matter if the indicator is slower, as long as it is accurate, so it is good to use MACD." Of course, if you find other indicators to be more useful, you can use something else. But it's important to remember that whatever you use to decide to buy, you use to decide to sell. Don't buy with MACD all at once, and use the KDJ indicator to decide to sell, then it will be chaotic and easy to make mistakes. In a word, there are not many indicators, but more expensive! As long as one indicator is thoroughly understood and used well, it is more effective than mastering ten indicators. Because the principles of these indicators are actually similar, using too many indicators will lead to conflicts and make people confused. ”

"But with only one MACD indicator, doesn't it have a lag? How to break? Uncle Strange asked.

"Actually, it's easy to solve. For lagging, you can go to the sub-level candlestick chart to look for divergences in advance, and to find more accurate buying and selling points in advance, such as looking for divergences in the 3o minute chart. Because the long-term is to look at the monthly line, the medium line is to look at the weekly line, the daily line is to do the short and medium term, the 3o minute line is to do the short-term, and the 5-minute and 1-minute charts are to do the short-term line. ”

Ding Xu said, "Of course, don't be superstitious about these indicators, because the main force is what daily indicators can do, so it is necessary to combine the weekly and monthly lines, this cycle is difficult to deceive the line, which is conducive to us to grasp the long-term trend." In addition, the K-line trading volume of the moving average, as well as the chip bar, are also an important basis for judging the trend and buying and selling points. ”

When the Zen master heard this, he interjected: "I would like to add that there is also a moving average first principle. That is, for the application of technical indicators such as MACD, it is important to consider whether the stock price breaks through the medium-term moving average pressure, because the formation of a golden cross without breaking through the medium-term moving average may be a bullish trap. A dead fork that does not break below the medium-term moving average may be a bearish trap. ”

Listening to Ding Xu and the Zen master's explanation, everyone has a deeper understanding of the use of indicators. r1152

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