The New Technical Trader: Boost Your Profit by Plugging into the Latest Indicators (Wiley Finance) (英語) ハードカバー – 1994/4
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The breakthrough traders guidebook that combines the latest, most promising methods of technical analysis with the classic tactics of risk control and money management In The New Technical Trader, trading system wizard Tushar Chande and money management expert Stanley Kroll present a bold new array of dynamic, price-based, and risk control indicators that provide timely, reliable answers to the difficult analytic challenges of pattern recognition, variable indicator length, and price projection. Developed by the authors to overcome the specific limitations of existing technical indicators, they can be used in virtually any marketfutures, commodities, stocks, indices, and mutual funds. Each new indicator is supported by step-by-step tutorials and real-world trading scenarios that illustrate the best strategies for its use, and show how to adapt it to your trading style. Now you can develop a successful, comprehensive personalized trading plan using:
- New momentum oscillatorsthe Chande momentum oscillator, stochastic RSI oscillator, variable-length dynamic momentum indexthat overcome the limitations of the relative strength index
- Qstick, a quantitative candlestick that generates objective numbers instead of subjective patterns
- Linear regression analysis that quantifies trendiness, projects prices, and prompts the development of a better game plan
Extremely well-organized, comprehensive and written within the context of real-world trading, this guidebook integrates new methods of technical analysis with strategies for effective risk control and money management. Linear regression analysis, new momentum oscillators, VIDYA, Qstick, typical trade profile and contingency planning are among the topics discussed. Tutorials and practical examples explain indicators in detail.
However, their trieste on the "Chande Momentum Oscillator" will certainly give you insight to forthcoming market change in direction. The divergence between the CMO and prices will almost always be a harbinger of the reversal to come!