MIKE indicator is also called Mike indicator. Its full English name is “Mike Base”. It is a pressure support indicator that fluctuates with stock price fluctuations. It has three different levels of support and pressure: primary, intermediate and strong. Show pressure, support position.
Like the BOLL indicator, the MIKE indicator is a pressure support indicator that changes with the volatility of the stock price, and is a path-type indicator. It changes with the stock price and can effectively predict where the stock price may rise or fall in the future.
The MIKE indicator changes with the change of the price. It provides a possible upward space when the price rises or a downward space when the price drops, which can have a prompting effect in the operation of the band .
The calculation method of the MIKE indicator is more complicated, which involves the initial price of the indicator calculation – TYP and six auxiliary indicators, namely three pressure prices and three support prices. In addition, like the calculation of other indicators, MIKE indicators also include various types such as daily MIKE indicators, weekly MIKE indicators, monthly MIKE indicators, annual MIKE indicators, and minute MIKE indicators due to different calculation periods. The daily MIKE indicator and the weekly MIKE indicator are often used in stock market research.