Magical nine turns
OK, I think this technical indicator is difficult and error-prone![]()
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The magical numbers 1-9
Condition = It is established when today's closing price is greater or less than the closing price four days ago.
1. Figures will only begin to be displayed when the stock price meets the conditions for six consecutive days. If the conditions are not met on the 7th day, the previous numbers will disappear and the calculation will start again. The same is true for the 8th and 9th days.
2. When a successful trigger condition forms numbers 1-9, this may be a buy or sell signal. When a downtrend occurs when the number 9 indicates a possible reversal (increase), this is a buying signal. Conversely, a number 9 appears in an uptrend, which means a reversal (decline) is possible, which is a sell signal.
Condition = It is established when today's closing price is greater or less than the closing price four days ago.
1. Figures will only begin to be displayed when the stock price meets the conditions for six consecutive days. If the conditions are not met on the 7th day, the previous numbers will disappear and the calculation will start again. The same is true for the 8th and 9th days.
2. When a successful trigger condition forms numbers 1-9, this may be a buy or sell signal. When a downtrend occurs when the number 9 indicates a possible reversal (increase), this is a buying signal. Conversely, a number 9 appears in an uptrend, which means a reversal (decline) is possible, which is a sell signal.
3. Magic Nine Spin is more applicable to volatile markets in stock markets or weak markets. It is not applicable if it is a sharp bear market or a big bull market. However, this kind of operation is easy for investors to make mistakes in a bear market in some markets, while in a bull market, it is easy to miss later trends.
Exercises:
Wait, I found it very error-prone to analysis using only this technical indicator!![]()
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Wait, I found it very error-prone to analysis using only this technical indicator!
1. In an upward trend, the number 9 indicates a possible reversal (decline), which is a signal to sell.
In the red circle below, you can see that the stock price may reverse when the number 9 appears. At this point, we can also analyze it by referring to other technical indicators. It can be seen that the stock price began to fall after MACD and KDJ had a dead cross.
In the red circle below, you can see that the stock price may reverse when the number 9 appears. At this point, we can also analyze it by referring to other technical indicators. It can be seen that the stock price began to fall after MACD and KDJ had a dead cross.
2. Very error-prone technical indicators (which I'm probably unfamiliar with) $Tesla(TSLA.US$
The number 9 appears three times in the chart below. When the number 9 appears, it means that the stock price may reverse. However, the image below was only reversed for the first time, and not for the second and third time.
The number 9 appears three times in the chart below. When the number 9 appears, it means that the stock price may reverse. However, the image below was only reversed for the first time, and not for the second and third time.
(On this side, I think the technical indicator of magic nine revolutions is superfluous; it's better to use MACD and KDJ directly![]()
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For now, I probably wouldn't use this technical indicator!
Or wait until I know more before using it!
Or wait until I know more before using it!
UPDATE:
I found this technical indicator in $Amazon(AMZN.US$ Seems to be a very accurate prediction of stock price movements.![]()
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Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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Milk The Cow : Yar, number 2 defied logic
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It's either the indicator is not that reliable or some stocks price movements are just too MEME
Meta Moo : Yes, it doesn't always work, and we can find it usually more effective in a weak bullish/bearish market. Nevertheless, in swing markets, it is sometimes more timely than MACD and KDJ, thus helping us to make predictions - of course, it still needs to be verified by other indicators.
steady Pom pipiOP Meta Moo:
frankinglily : Sounds amazing.