In Tongda software, there is a very useful feature called “Expert System Indicators”. This feature can overlay buy and sell points categorized by various technical indicators on the daily chart, making it easier for everyone to observe and make decisions.
The specific operation method is to right-click on the daily chart and select “System Indicators” — “Expert System Indicators”, or press the shortcut key “Ctrl+E” to access the “Expert System Indicators” function. (As shown below)
In the “Expert System Indicators” function, there are various meticulously crafted indicator formulas, including commonly used technical indicators like MACD, KDJ, BOLL, MA, and also some relatively obscure technical indicators like CCI, BIAS, and MTM (as shown below). The biggest feature of these technical indicators is that they can be overlaid on the main K line chart and mark buy and sell points on the main K line.
Taking the most commonly used technical indicator MACD as an example, many friends know that generally speaking, a MACD golden cross is a buy signal, while a death cross is a sell signal. In Tongda software, we can easily display the MACD indicator in the sub-chart by entering “MACD” (as shown below).
However, displaying the MACD indicator on the sub-chart is not very intuitive. When I observe the golden cross and death cross, I still need to compare the sub-chart with the main chart, which is time-consuming and exhausting.
Can I directly show where the MACD golden cross and death cross are on the K line chart?
Yes, the secret is the “Expert System Indicators”.
As shown below, after selecting the MACD expert system in the Expert System Indicators, you can see the buy and sell conditions on the right side: when the MACD histogram changes from red to green, it marks a sell point, and when the MACD changes from green to red, it marks a buy point.
After clicking “OK”, you will find that red and green arrows have appeared on the K line chart. These red and green arrows are the signal markers of the Expert System Indicators. As shown below, the red upward arrow indicates that a MACD golden cross has formed at this point, while the green downward arrow indicates that a death cross has formed.
It can be said that the biggest feature of the Expert System Indicators is that it directly marks the signals corresponding to the current technical indicator buy and sell points on the K line chart, which can greatly improve the efficiency of observation without having to switch back and forth between various technical indicators, saving valuable space in the few sub-chart windows of the daily chart.
Of course, one point must be emphasized: for all the buy and sell points marked by the “Expert System Indicators”, they are for reference only and do not constitute trading advice. Please pay attention to this.