Alien Charts (Beyond Candlestick – Extended)

MM Dandytra, CSA, CFTe

Beginning

Normal Price Type

08:50 09:00 16:1515:50

Open Price Close Price

High PriceAnd

Low Price

12:00 13:30 14:00

Open, High, Low, Close Price

Other Price Type Typical Price

Merupakan harga rata – rata (tanpa memperhitungkan harga Opening)

Close + High + Low

3

Median Price Merupakan nilai tengah

dari Range harga pada suatu timeframe

High + Low

2

Interval Price Type Daily Weekly Monthly Yearly

Intraday : Ticker 1 Minutes 15 Minutes 30 Minuts 1 Hour

Weekly Open : Monday Close : Friday

Monthly Open : Month’s First Date Close : Month’s First Date

Yearly Open : First Date in January Close : Last Date in December

15 Minutes Open : 09:00 Close : 09:15

Chart Construction

Rp 100

1 Jul’13

Y – Axis(Closing Price)

X – Axis (Time)

Rp 90

Rp 50

Rp 30

7 Jul’13 9 Jul’13 13 Jul’13

#1 Line Chart

Line Chart – JCI since 2011

“The Real” Line Chart (Stopping Chart)

The dots represents Close Price

#2 Bar Chart

Bar Chart – JCI since 2011

How to Read Bar Chart

#3 Simple Candlestick

Simple Candlestick Chart – JCI since 2011

Simple Candlestick Chart – JCI since 2011 (Zoom In)

How to Read Simple Candlestick

#4 Complete Candlestick

Complete Candlestick Chart – JCI since 2011

Complete Candlestick Chart – JCI since 2011 (Zoom In)

The Real Movement

Two Dimension Four Dimension

Close Above Open Rise

Close Below Open Fall

Close Above Open and Above Yesterday’s Close Rally

Close Above Open and Below Yesterday’s Close Rise

Close Below Open and Above Yesterday’s Close Fall

Close Below Open and Below Yesterday’s Close Decline

Complete Candlestick Chart – JCI since 2011 (Zoom In)

Fall Decline

Rally

Rise

#5 Point and Figure

Point and Figure Chart – JCI since 2011

Construction of Point and Figure “X” mengindikasikan kenaikan harga dan “O”

mengindikasikan penurunan harga “X” dan “O” memiliki rentang harga atau Box Size

dimana “X” baru akan terbentuk apabila harga naik melebihi Box Size atau “O” baru akan terbentuk apabila harga turun melebih Box Size

Perubahan dari “X” menjadi “O” atau sebaliknya terjadi apabila terjadi perubahan pergerakan harga sebesar sekian kali Box Size (disebut juga sekian kali Box Reversal)

Point and Figure Chart – JCI since 2011

Point and Figure Chart – JCI since 2011

Chart Pattern pada Point and Figure

#6 Heikin Ashi

Heikin Ashi in JCI

Comparison Heikin Ashi with Candlestick

Heikin Aishi More Explanation

Closer Look with Heikin Ashi

The Formula of Heikin Ashi xClose

= (Open + High + Low + Close) / 4 xOpen

= [Open (previous bar) + Close (previous bar)] / 2 xHigh

= Max (High, Open, Close) xLow

= Min (Low, Open, Close)

#7 Equivolume

Equivolume Chart – JCI since 2011

Equivolume Chart – JCI since 2011 (Zoom In)

How to Read Equivolume

Equivolume with Up and Down Colour

#8 Candlevolume

Candlevolume Chart – JCI since 2011

Candlevolume Chart – JCI since 2011 (Zoom In)

A Closer Look

#9 Three Line Breaks

Three Line Break Chart – JCI since 2011

Three Line Break Seperti Point and Figure, Three Line Break

merupakan Chart yang terbentuk setelah harga bergerak melebih Range tertentu

Range dari Three Line Break terbentuk secara “natural” dan tidak ditentukan sebelumnya. Apabila harga telah melewati Range “Line” sebelumnya, maka harga tersebut akan membentuk “Line” baru dan seterusnya. Hal tersebut berlaku untuk pergerakan yang searah

Untuk pergerakan yang berlawanan arah, diperlukan pergerakan harga yang melebihi Range dari Tiga “Line” karena itu disebut dengan Three Line Break

More Explanation

Five Line Break Chart – JCI since 2011

Ten Line Break Chart – JCI since 2011

#10 Kagi

Kagi Chart – JCI since 2011

Construction of Kagi Setiap Line dalam Kagi akan terus bertambah

seiring dengan harga yang terus bergerak dalam arah yang sama

Perlu pergerakan yang melebihi Reversal Point yang telah ditentukan untuk membuat Line baru dengan arah yang berlawanan

Line yang berubah arah akan membentuk ketebalan yang berbeda ketika melewati Line sebelumnya

Kagi Chart – JCI since 2011 (#2)

Kagi Chart – JCI since 2011 (#3)

#11 Swing Chart

Kagi vs Swing Chart Kagi

Diperlukan poin tertentu untuk perubahan arah Poin tertentu tersebut berupa persentase yang telah ditentukan

sebelumnya

Swing Chart Diperlukan poin tertentu untuk perubahan arah

Poin tertentu tersebut berupa pergerakan dalam hitungan hari

Swing Charts

Swing Chart 1 Day

Swing Chart 2 Days

#12 Renko

Renko Chart – JCI since 2011

Constructing Renko Renko memiliki Box Size seperti halnya Point and

Figure Setiap Renko terbentuk apabila ada pergerakan

searah yang melebihi Box Size sebelumnya Renko yang berbeda arah (berbeda warna)

terbentuk apabila ada pergerakan yang berlawanan arah yang melebihi Box Size sebelumnya

Renko Chart – JCI since 2011 (#2)

#13 Market Profile

Basic Construction

JCI Market Profile

ASII Market Profile

The Deeper Understanding

Normal Day, Normal Variation Day, Trend Day, Neutral Day

#14 and #15Anchor Chart and Pole Chart

Summary

The Full List (So Far ...)

1. Line Chart

2. Bar Chart

3. Candlestick #1

4. Candlestick #2

5. Point and Figure

6. Heikin Ashi

7. Equivolume

8. Candlevolume

9. Three Line Breaks

9. Kagi

10. Swing Chart

11. Renko

12. Market Profile

13. Swing Chart

14. Anchor Chart

15. Pole Chart

Based on Time

Time - Related Timeless

1. Line

2. Bar

3. Both Type Candlesticks

4. Equivolume

5. Candlevolume

6. Heikin Ashi

7. Market Profile

8. Anchor Chart

9. Pole Chart

1. Point and Figure

2. Kagi

3. Swing Chart

4. Renko

5. Three Line Breaks

Categorization Simple Reading

Line Chart Kagi Swing Chart

High – Low Reading Point and Figure Equivolume Three Line Breaks Renko

OHLC Bar Chart Candlestick Heikin Ashi

OHLC + Volume Candlevolume

OHLC Modified Heikin Ashi

Percentage Point and Figure Kagi Swing Chart

Which are the Best ?

DEPENDS ON YOU

Muhamad Makky Dandytra, CSA, CFTe

Working Experiences

Currently as Junior Investment Manager at Mandiri Healthcare

3 year as Technical Analyst at Trimegah Securities, AmCapital Indonesia and Anugerah Securindo Indah

1 year as Equity Sales at Danareksa Sekuritas

Certifications

Certified Financial Technician (CFTe) from IFTA

Bronwen Wood Award 2011 from IFTA

Certified Securities Analyst (CSA) from SASB Indonesia

mmdandytra@gmail.com (+62) 813 145 45 317

Contact Information