How to use PSY indicator (Psychological Line Indicator) for stock trading 🤔?
Firstly, to tell the truth... I'm new to this ![]()
.
I has heard alot about indicators like this, but I'm kinda lazy to explore it![]()
.
Ty to @Meta Moo , I'm kinda 'forced'![]()
🔫 to self upgrade because the reward 💰 lured me in ![]()
+![]()
. In a sense, is a good thing ![]()
.
I has heard alot about indicators like this, but I'm kinda lazy to explore it
Ty to @Meta Moo , I'm kinda 'forced'
So, let's learn together ![]()
.
Call me sensei "Milk The Cow", in short MTC![]()
.
(Nah, I don't really like being a sensei but a professor 👨⚕️ - "hakase" is more fit for me![]()
= doing crazy stuff, maybe like making things explode![]()
💥![]()
?)
Call me sensei "Milk The Cow", in short MTC
(Nah, I don't really like being a sensei but a professor 👨⚕️ - "hakase" is more fit for me
If I'm a sensei, it may become a disaster like this ![]()
:
What is PSY?
"Psychological Line (PSY) is an indicator based on the presumption that people will resist paying/selling more for a share than others unless the stock continues to move up/down."
It reflects the buying power in relation to selling power.
"Psychological Line (PSY) is an indicator based on the presumption that people will resist paying/selling more for a share than others unless the stock continues to move up/down."
It reflects the buying power in relation to selling power.
Without further ado, follow the images below to set up ur PSY indicator ![]()
:
P1:
P2:
P3:
P4.1:
U can just use the "Search" function. But if want dumb dumb search manually for it, by all means![]()
.
U can just use the "Search" function. But if want dumb dumb search manually for it, by all means
P4.2:
P5.1:
P5.2:
You can change ur colour lines to ur liking. But I'll just leave it as it is![]()
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The setting, I'll let it be the default since I'm not really a pro at using PSY yet![]()
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You can change ur colour lines to ur liking. But I'll just leave it as it is
The setting, I'll let it be the default since I'm not really a pro at using PSY yet
Good job, u are all set to go ![]()
![]()
.
PSY above 50% = buyers in control
PSY below 50% = sellers in control
PSY equal 50%
Let's try out some practical as show in P6.
P6.1:
Using $SPDR S&P 500 ETF (SPY.US)$ as an example. I full screen my graph & select "PSY" indicator.
Using $SPDR S&P 500 ETF (SPY.US)$ as an example. I full screen my graph & select "PSY" indicator.
P6.2:
As u can see the the PSY > 50 = buyers in control = likely an uptrend.
PSYMA (PSY Moving Average) = 50![]()
➡️ 🙏 🙏 & roll a 🎲 to decide which side it'll be ![]()
.
(Don't listen 🎶 to this advice... DYODD on the economy market & then make logical thinking 🤔 to make the decision![]()
.)
I think u look at the PSYMA = more safe![]()
.
PSY = for the fastest reaction![]()
(No missing out but more risky).
PSYMA (PSY Moving Average) = 50
(Don't listen 🎶 to this advice... DYODD on the economy market & then make logical thinking 🤔 to make the decision
I think u look at the PSYMA = more safe
PSY = for the fastest reaction
Like wise for the Vi-versa ![]()
.
If PSY < 50% = sellers in control = likely downtrend .
If PSY < 50% = sellers in control = likely downtrend .
Hehe![]()
, I already start writing my post before noticing that @Meta Moo post on
Meta Moo :Part One: How to tell whether people are inclined to buy a share? is out![]()
.
(I only read 📚 the very first post = too early bird 🐦 =![]()
)
Check ✔️ it out![]()
, guys.
He used 70 vs 30 value![]()
![]()
for pattern trading.
Yes, u can use PSY with other indicators like![]()
:
1. PSY X MACD
2. PSY X RSI
(Check out @Meta Moo the below link part 1 & part 2 posts to learn how to use PSY & combination indicators usage![]()
+![]()
.)
Meta Moo :Part One: How to tell whether people are inclined to buy a share? is out
(I only read 📚 the very first post = too early bird 🐦 =
Check ✔️ it out
He used 70 vs 30 value
Yes, u can use PSY with other indicators like
1. PSY X MACD
2. PSY X RSI
(Check out @Meta Moo the below link part 1 & part 2 posts to learn how to use PSY & combination indicators usage
By the way, u do NOT roll the 🎲 for 50 ![]()
, u can just follow @Meta Moo to use 70 vs 30 for a more correct way of using the PSY indicator, I guess ![]()
?
70 = Overbought
30 = Oversold
70 = Overbought
30 = Oversold
NOTE: You can use it together with other indicators. As usual, indicators are only a guide for u to buy & sell = NOT 100% accurate.
Posts order @Meta Moo on PSY:
Meta Moo :How to take advantage of emotional trading with the PSY indicator?
Meta Moo :How to take advantage of emotional trading with the PSY indicator?
Extras (Freebies![]()
) :
Milk The Cow :Tech Analysis To Identify Trend Using MACD 📈 Day 2 (AMC As Example)
Milk The Cow :Tech Analysis To Identify Trend Using MACD 📈 Day 2 (AMC As Example)
DYODD before investing ![]()
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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Milk The Cow OP : PS about the spacing.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
.)![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
? I realised that when I played around with it, it become the 4th image ![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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back my posts sometimes as reference materials too ![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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I do it to suit it on my screen
(It irritates me when the I'm = I' m on my full screen post... wonder if i can change any setting to make it looks better wothout the needs of stupid spacing
Is it a glitch
@Mooers Lab, @Team moomoo
Yes, I do read
Mooers Lab Milk The Cow OP : Hi, Milk The Cow. Sorry for this inconvenience. Could you please update the app and see if this problem will be fixed? Thank you.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Milk The Cow OP Mooers Lab : My app is already the latest![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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Mooers Lab Milk The Cow OP : Will let our colleagues know this situation. Thanks for your feedback.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Milk The Cow OP Mooers Lab :
ninor : This is a brilliant format for learning !![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Milk The Cow OP ninor : Ty![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
JM investor : this is my first time knowing this indicator too.
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
BTW, the Anya is cute
Milk The Cow OP JM investor : Yar![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
U read manga or watch anime?
Both?
JM investor Milk The Cow OP : anime at this moment. probably after the final episode I may look for manga haha
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