Professional Documents
Culture Documents
كورس جمعية المحللين الفنيين
كورس جمعية المحللين الفنيين
5 14
+#+ 78 & : % ;
,!
<4-
/
# &!@
; =+ &2B
# * D#8 D#&C
K *! I! &4 14
5 @-& =+ *E&C
!L &B
!
- N& M. P# B
!
#,!
afify2001a@yahoo.com
&
& U
14 U
-) #L # U+4
4&8 '& U+4
! , . 5#+
- &K #. #
- ] 12K
:/] .
- ] :+ &4L .
-
, !+
.
- .
-! ]. #K4
-! ]&!K .
-- # eL. 8
-!8 #. #
-!&*f : #
. relative performance -
. moving average-
. Macd -
. momentum -
14 U
: %) #L # U+4
4&8 '& U+4
!,
&4 7 U# :
"
).(chart
+
(&
- 1 . / - ( ,
<; 9 :
7 8 /67
,"
,
( 3
( , 2
<
,A " > " ).(market brain
The neo-cortex
PB 7# :
] 2 3A " U /1 % 8
1C
X8 s
r
/ (F > (< A
/ < 6 (< H + 1/
I (+ A & "
6 :
&4
-/:
< Z h"F (^ [ (^ IH" h h Z< U 18 h"F C
> . 21
/< Z1/ 1 (^ "6 - 8 QC8
/
/ (Fa 2 2F he (+ A Z"AH C O X
/< 1( ZO ( + ,8
2 E 28 1 Z"A < Z( +"7;
Q
-: P
< Z 1/
Y17"
/ hI1/1 1
- > e "
< 2 < Z "
I (Q U 2 "
"AH
< X
< 2F
7A
:
/] ::
,B
- /A +F/
,A O > //Q A OA <;
O .
/] :: p2
<1 Z F
,1 F :C"7 )(stop loss1 ]F 1 Y,
U1 1 A <a [ +F/A r/Q <;
. X
/] :&4 :
U( rQF "[ (Ua
O
e
X 1 ( , O F
" :C
F U( rQ1 A. +F/
- 1! & :
h F
<; " 1 H ( Q7O I .
-: &B
I7 C O 1
, ,
"^ O Y / h" ,
EF ^Ce
2 [ E 1
(^
C , < 2
A <; " ,[
, <
Z .
- 5
, &q :
F 2H r
h 2(A " < 2
r
/ B[ 1Ce
1C 2/ O U 2H r 28" F
( 1 O; &>/. Y"7
!r ;#
4 :
<1 ,
z1 YA H
-A
< , >>/Q
18 rB 1
,1 h
7
.
&
&#Ct &
'& :
(
| E|O a | 2A "|
` a|8 a|8| ^|C| `| |
||" ||A|| ||] ,||
||" ||( hA"||
,1/1|| 2(|| `
||" ||( |||| h
<I( X ` 2 > 18 C QC .A
^ B`
" ` 18 rH 1 /( |e> ,|
O | 2(Q|-
O
hA"
,1/1. 2
XF` ,
] (Q " ( I .
* 1
/
:L ] KK '&
& . <#4 12K
& '& :
> ,] .
/ &
EA :descending 9/A " C ,
> ,C
>. ,
/ sideways horizontally + <#!L :flat u4 1< 2 > " -,
hI> .
*] :
; CECv :
/ :(major trend) KKF 1 6
1C Q
( - C>
.
C /
1C :( medium trend) pK1 1
, .
:(short trend) &#B- /
.
|| ||
||C ,|| || || 2O|| || 9|| ||/|| 2<||; "||Y|| 1<||a
- | | | X(Q| 1 <|a | Q|C |
- |8|3 ||z Q
9 <;
> 2 X6|- | | /| | r/Q(| >| Q>|X6
X- <( .
! & ] :& L# e !& &
CEn U :
y&
/!: 5yy#>|| Z<||; ||, || || | ||,||" -||I || ||" 2g||
(a
" 1C , ^"AQ |
|
| |""| , |O |" |C ,|U
|I U
a 7O
(. 2
&
/ ]4K :
> Z< X , XF
| |+H | 9(| 2 |
1 " "
. ,
yy&
/) 5yy&Byy :(7||
|| || || ||,||" -||I || 1||C ^||C (||a
, h ;
" C , |1
|
| ,2 |B
z , :/Q
" C |,(| |1 | |C
< X" ,
. 2
/!&*f e f
: !2N4
( ` 7 2(Q` 7 " hA1/1 9 2 8 <; `| |
<; 1 ( ,( 8 O <; .
1 /
e f
]: :
8 F < 1 XF " 2BF7(| | r/Q| h | | <|;
"Y Q ).(up trend
, ) (down trendO F < 1 2| h h|H | |^ || g
">
h U
"> / <, 2 1
. F
/&!K ] : &*f
4 ] <4-4 .
2#
: !2
*/< 1( ZC I O X C O C X +
m
C O 6C X] C O C r/ 18 , X
18
*/ Y( 1 1Q
/
O
Y" ,
z /
U "; O ( 1 1Q Y;-
8 O> " U A (a (a
F> 3 XY
*/a 1 " 1 U " 2gO ,+
EeO; O " X
e 1 ,
hY AeO; + XB CO
> X C O r/ 6
*/
18 1,
1 2 ,+( 1 1Q [ ZA ,2
,+
Z 2a 1 ,A ` h (, ( 1 1Q AXC
6
"
*/I > NQ
Ym O
,
A2
2C , E 2 ,
//
eQ - 2 ) " "
2,
ZQ( 2
* / ^C[ 1 ( F [ > " X6
2E
FA
< < 1Y 2/FQ ;I< < 2QQ7 3 1Y
2
A 2 AO
*
e 3/ ( h X
> 2e
3 d hO
> 2e[
1 Q r/Q
C 1 O C O 6
*/(
3 Y^ >
Zm<;
*/ 1(/ I 28 "7 hm 28 XC ^/H
"
h
U( rQA1^ "
m 2( rQ8 a8 2
2+F/
Z"AA1 % "7; ( % -2+F/
* 1(/" X "
m 2< ( Z"A" 2, ( A
X1
,
2 ( / ,6O ,"A 2" XI, A ` "
/ 3
*/
/ (F XC1 < . /
2YQ
U 2 18 %
. /> FQ7;
( 2 18 (" 2I % 1 %
* /< Z ] X ^" hC ^
*******
1/line charts :
> 2e> XB
-FC " , ;I(> ]A , ( " , U"17
C
>
/ , " , "
81.
2/bar charts:
" ,17
/ - , 1 (1/ 2 1CA 2>C | E &Y|C |
|
..... .. O
2" ,
hI rF3 .
I ( U
- rF ,
EA3 .
O
(^
! #
:volume
-A 1 [ s( + ^ 2 O;
X>
,]
.. EA
< 1 U 2> " 2
" 22 hI
(
( ,+
2
(( ,.. 1
* /') &2 #K UK& 1K# ! Un p U! <#!
#
v
!
..+L
:
! e 14 1
+ & 4) &4L ]4K .
: nC ] 12K
:/]
] trends
CEC <#L# :
/ :
,) :
; !- !- ;
,- - ;
, .
/ : : p
; !- !- ;
U-- - ;
U- .
/&, : :
; 1!-4#-
L .
* :/] * , ]& ;, &4
#] : &#B+/ %
4 CEC. 5#K
* :/] * , ]& ;, &4
#] :!
pK &!K
;#
CEC K*. &2
* :/] * , ] ,K&28 ;, &4] :& L#/ !
]. K ;
&n
*************
descending /
L
E& 1K# < !& nn
. :
, ;
:
*
; + & p 1K] :/ I
E&
,
; 1!+4#+ 5-< u4
!8
; + & ;
<!K , 1!+ 4#+ E].P# ) ;#
,
- U p 74]: :
, ,
U - , p]. : :
, /
&
L
E : p &4L
" " 7<; 1; ( 2
2 8 .
/!
: p #
v
F 7 2(a 1
C Z.2C
/ 1< 9 : p 2
^ F F7 1 -
"I, , 7 EA<; " (correction) r/Q " EF
<; .
!&
p 5]: :
*O ( 11 " , 7 2" 1>( 1 U<; >.
*
( 1" " U<; H 1 h1H 6> 1; ("
" 2 Y [
& ;
Q ;I /A "1, (a C
" >
> e ," C , EA< "A 2>( I "1, /
1 "" ,
E>( 1 <;
U ;I" >( .
7#&+ 5# &8
; E ] :+ &4L :
/4B :
> / O 1
" 1<; H<; >( X ( +
< 1 I O A C
H 1 A O 1F " %-
> " e<; .
> / X 1 " ,F /<; " >(
I :B -
" ,<
, X
C ,, Q XF >(
.
/F " <; >(
1 28 A ;I H
" ,r
[ 2" 1( X
1 (/ .
:
/
p 1K p+ :
********
: L
, !+
:
1,!+
)(support &resistance
: 1, " ( ( >e "
" , /< 1 O A ;I
(C 2>e 18 9/> O A 2B
XF". hI < ,
!+
" : ( 2>e
"
" , 2 1< / C XY 1 8 2A
C
X8 XA
eO
2 :C
" ,<
2
,
.
7#
p+
1,!+
! M
4 #+ 1,
+
:
1!- /4#- ]4K .previous highs and lows <+L
/]- !
:round numbers C A , F , " 2 C
( ,O g ........ - .. h ;IC -
a8
1 8A 2 O 1( :C ". ,
/ ] : + .trend lines & chanel lines
/!K ! & 1/(
:moving average ( ,. 1
/ )1/(
:(gaps ( ,. 1
L
/ & 5]4K
t # eL1/(
:fibonacci retracements 8 ( ,
. 1
* MK !
E + )+
/ 1,
( <C(static support or resistance) #+
+
& & 5 . 12L e 14 v] <#+ + 4
<C U'K%
5
&#q U' U @-& <,!&8; & <
I4! & v
5
. @-
7#
- +
1, !+
, CEC
U- , &Cf #L# ) E +
1, !+
:
/
> e
C. ,
/
" " e>( , 1; ( , C H
"F
.
/
< (IF ( 2( e> 1
;I(>
2e ^ > .
/" 1/ - U ,a8 AO C "F ( 1
C ,e . 2
/
" ( ," , e> 1( 1 1 >
^ ;I(>C e
. ,
1( /1/ Q 2O > e > H (> e/Q 3
.
*
4
:
;#
tLt
; *
,! ;# ;##U#+ .
L! &
&
; 12L! :
;
12
/ &B, ,
!,&*t ;
v t
; ) &L + 1,
+
!&
, ;##
;# 12L &4K !2# <-E ;
, +.&L
;
12
/ &B, ,
!,& &4L &Lt
&4K 12L- L
!#- ;
% +. &L
E] P# ) ;# t 4
;#C] @!,@ v
;
4 ]
..
************
K : K
gaps
<F (
&6 1/ , 1 ,A ,+
z
.
<F U , .. F F7 "F8 Z
6 C
" ,U
" Xe[ 2e
e e " .
>aF
U1 ,< Z U
F7
" >aF
" <F
(upgap Z
e C -A.
<F " ( downgap
F
. Z
e
:
/ 4 :common gap
Y- 1/
1 ] 2F > ,1 < ] :"
7" , " ;I /A U 1( ,.
/
!&
; : 2E
!&
; : 2E
U O EF 1 ;I<F
O 1( hI< "
"
C 2>>/ "&
A "1, Q " Q "& ;I<F.
/ !:exhaustion gap 2
1/ , Q A - I 1 9
/<1( Z C:C
Q; [ I/.
!&
; : 2E
U
, 1 > , >< , QF
< ,
e 2,Q
F < 1 A 3 1C , Z 1
rF ;I
<F 3 [ ,e1 1 1 , ;I<F , e
/ ">,
.
+ ,8 Q7O 3 18 ;I<F C 1( C [ O (1 1 ,
, > [ C 1 1( X ,Q U 3 , hC -
e71
EA<; C .
: Island reversal
1 A
, EA 31/ XQ A
< ( A,> , < QFA "1, (
Y1 EF" 2 <F
( A,(
e "> ,<; "& 1/ ( .
!&
; E ! :
* &
e, <
,
;, o&*
, <#4 : ##!&
;
E
! 2 MK&N 4 I+, M
,
] : I, 5
&%] ] .
***************
:4K! ]#K4
! ]#K4
/!
U :Double tops
A Z> ,+ EA<; 1 Q
( A :
> , 1
A X8 A :A" C7(&
( I A
> e> FA .I ( 2<a ( 2(1
<;
, ( /(& 1A :A" F a 1/
AO X
, U I U 1 6 "YI ( I ( .
L
2L ! :
"1, ( "
> e (&
( ] ;I"
> e (&
( .Q rB F" "1, : FA
*
2L !
I#2 B- 4B
] !Lv#
1!##
@ .
A Z> ,+ EA<; 1 1 ,(
+
A > ( 1Q 2C " < 2 Q rB
FAA :
Q 1 < 2
A C ( 1(>a e A 1 1( C(>e
bI, A 1( :A" I A F 2Q , /
(>A F
z ,<b e C
> 1( ,(> Cc e 6>A , " C
C
2> , 1CA
( U hI ,( , ,>1 (, F ( 1A
X " 2HA :BF A 1( ( 1A :A"
(, 1
181 (>e e1 . F F XI , I A
C
C> , 1
Q A A :A C7(&
( I
A > e> FA .I ( 2<a
( 2( 1<;
, ( /(& 1A :A F a 1AO
/ X QU I 1 6 "YI ( .
L
2L ! :
"1, ( " e> C (&
( ] ;I" >e
(&
( .Q rB F" "1, FA
A :
*
2L !
I#2 B- 4B
] !Lv#
1!##
@ .
***********
:
C! ]&!K
! ]E, ]E, !flags - pennants nn
/ , (F
7 a
B
^C ,8
- QC . ^C
&* 1 2
!v# :
/( QC U 8
2
A ,O U
2
.
U /
2 "
X
YFA
. ,
/F A <; F EA<;
A F (18 ]F7 18 ( 2A
1C 2H A > U 2(A EF IH<;
.
/ (, O
( ,
:. 2
A
/( > H O A ( A
( + /" (& (
/ 1 H ;1 > Y+H (&
( .
L
2L ! :
"1, ( " " 1 / 1 A "1, ( "
6
( e> 1 (&
( .Q rB F" "1,
( I A 1 E,
QC Q :
* " 1, ( A 1 E,
QC Q " <
a (
. ^8
************
, / E#
- ;
&#n
,
K
< !8 7 1&#n ;,
) 2])#
; #. ;##
2" , <
" 2 ;I /" 2O / A
, rF3 " 3 C
<
" 2H 2A 1( ,
2
F
"
( , F"
FI -
2" ,"
F
C
2" , < 1 O H < ,A , "8 7 -A
"
F> ] 1 (a ( ,
(( 2O
.
<(
K * 4!* / :
" shooting starA ,
A
2 [ "8 <"
1CA ,"8 s
1CA QC
F
, U 1C 18I +
Y, Aa F 1 ,
" ,
A>-
9 O , Q.
4!* /&
& :
" inverted hammerA ,
A [ "8 / A s
QC
F
2 1CA 8 3
2
,A 6 :B<"
;I O
, O C , > 1C 1( ,+ 1
" 1 I H ;I 2O< Z U` I ,
A/ U 1 h
,
. 2>-
F 1 (
* ! +Lt
!
; E
& ;
<+L P &4L 1C 4!8;
< #
E
@ 4!8 # %! 2
! &, : %!. D#* Un
:Belt Hold Bullish /
I ( ( 2
AQ
YF A 1 A 6
] , E
F ;I O< Z Z> ,+<; O UA
F
,
C<
" 2 O Ua ,
1 " O 6 Y
1"8 < 1
r O rF<F
F>. ,
:Engulfing Bearish /
I ( (
A,
YO A ] QC
,
6
, - rF
3 [
& . ,/
C
I ( Q
> ZQ O > 181
r -
1
, C
" ^e. ,/Q :C
! :
( :
! :
**********
: &8,!&*f #
: relative performance -
` > E (" 1C F
7 ,
A
,("
` " .
##: <L
1L !
t &*f & ;#+! :
:Basic calculation /
;Ie> 2 C "CA \
CA - A :
Relative per = entity 1 / entity 2 .
:Normalized calculation /
;Ie> U 2 :
7- U , ,( :
7 2 " > e"
A base value ,
2C "C "C(
( "CA -
> e a 7 rQ 2 ` :
Realative per = (entity 1 /base value e1) / (entity 2/ base value e2) .
!#- = base value +#
. <# <L
! #!: &*f
/ A I ` 2"
1
A ) eC
/ ,
/ /
:Moving averages/
e /
/ "17 -A <U 2F
7 U>
Q
> , > Z " U">
,` 1<;
.
##: <L
"
e / - 6 F
7 A A 6>
" simple ;Ie> "[
e 9 C ( 1 , "
< ;I >"
1 .
! ! L = ) + C + + oC + 5
\( I
"
1 - " IA .
& ;
1 & + L #L :/ 2K %<
u4 2#4 :
/e " z 9 .
/H
1C
.
/]( 2F 1/ 2 ( 7 .
! #!: &*f
/1/> 1 > . ,
z
/ e e7"
2
. F
/
(e" F ( Z" 21 ( .
/ (e< "
2/B U II 2F
7 " (.noise a
!&
; : <E
- ( > > ,
z e7" ( F
z
;I XH EA e7
z 9 - /
" > e F
z - >> e
zI U Q
, > 9 ,
h <; . B
* !
; !&*f !&t . lagging indicators
* U!2* ! ] :&4 .
*& ;
1 & +/ 1 #& % + N U- 2#,
*&
:.Macd &*f
##L ! pK L]:Exponential moving average K
6> "/ ;I ^ >1 sO U , aeH "z 2
EAe> O
> 1< 9 ;Ie> AO "
, 6> "/ . " , e :
/ 1L
& U
4 P#&
& < v k eLK= (2/n+1): %
, ] = . n
n :
" 1
r8 O A :
= = (+) \
&*f
/
< K :MACD
1 . moving average convergence divergence A e
/
,( 1 . exponential
##: L
` e 1 :
:Macd line / 7" XI > X X6 7 (e U O
X " 2 :
Macd line = 12days ema 26days ema
;Ie> 2" 6( 2 6 C
"/
1 Exponential
&*f
/!
:Momentum 1
` >1 E " `6 "
<; 1Q ,
`
X"&
h / `
2F
7 X "
E FQ
(
h QF
.
##: L
" C` " >e "18 e :
, ] !& L !n = 2 &*f
Momentum = price today price (n) days ago
!
&4K = 1# &4K# ]
;
, ] !& L !. 2 &*f
n :
" C(
1 , O" C" ,
e ( 2C , O
> .
! #!: &*f
/
" 8 ` e> ^/. FQ
/
> ] :> " / < "
X
.
/ I
XO ( 1> X6` X. FQ
/
( &6O a 1Y Xa. 1Y
!&
; : <E
/ XO ( 1 e7` (> FQ e . 6
/ XO / < "
` X<
.
/ ` "&
, Q .
*
&*f& & I U!4 &*f
+!
1 !L rate of change
ROC& I U!4 !
1 %< & <, 7 + <L :
!#!
! L &*f &8, 4
= ) &4KE # \ &4KE # ]
; &8, 4
( * &N
1-< .
* &
!K#
&*f!
1
4 & /tROC 1K
&*f K
& + !L+ /t. Momentum 1K
**
! 1 ** 4
* E MK !# D
4! P# B @ , ./
]!. afify2001a@yahoo.com: U#
o!*& & &,
sleepless101: