Golden Star (technical analysis)
Golden Star is a technical signal used in technical analysis of stock prices charts that was first introduced in 2007 by J. Stromberg at the website getagraph.com. The signal derives from the well-known Golden Cross that uses the 200-day moving average and the 50-day moving averages to define what has been argued by many to be the best technical signal of them all. Some, however, disagree, and as late as April 2016, Kate Rooney published the article "Don't trust the Dow's 'golden cross': Belski", at CNN (Kate Rooney, 2016) where Belski stated.[1]
The Golden Star signal differs from the Golden Cross by adding more conditions. The moving averages must be selected based on the timeframe selected. In addition, it must cross the price line at a given pattern as shown below.
Notes
- Golden cross: a bullish cross of the 50-day and 200-day moving averages NASDAQ Financial Glossary
- Death cross: a bearish cross of the 50-day and 200-day moving averages NASDAQ Financial Glossary
- Moving average crossover
References
- ↑ Rooney, Kate. "Don't trust the Dow's 'golden cross': Belski". Retrieved 7 June 2016.
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