正确地认识和运用技术指标的背离——基于《证券投资技术分析》教学的思考

Correct Understanding and Application of the Divergence of Technical Indicators——Based on Teaching Exploration from "Technical Analysis of Investment Securities"

技术指标分析是证券投资过程中重要的分析手段之一。但人们对技术指标的背离存在着认识上的偏差和运用上的误区。如何正确地认识和运用技术指标的背离,是教学和实践中必须解决的重要问题。传统经典的技术指标背离忽视了指标本身的周期性规律,以致在运用时经常发出不适宜操作的背离信号,影响股价未来走势研判的准确性。虽然技术指标背离的出现是比较明显的行动信号,但这并不一定要立即采取行动。不宜单独使用背离,还应与其他指标相配合使用。

Analysis of technical indicators is one of the important analytical tools in the process of security investment. However, there is bias in the understanding and erroneous zones in the application because of the divergenee of technical indicators. It is one of the most important issues that must be addressed in the teaching and practicing how to correctly understand and apply the divergence of technical indicators. Traditional and classic divergence of technical indicaters ignores its own periodic principle that it will send some divergence signals which are not suitable to operate, affecting the correctness of future trend of share value. Although the existence of technical indicater divergence is very clear operational signal, it does not mcan that relevant actions must be taken. We should not make use of it alone and must adopt it together with other indicators.