Description:

The book examines the principles underlying market momentum and discusses the advantages and disadvantages of various oscillators used to measure momentum. Written by one of the world's foremost technical analysts, the book breaks new ground in its in-depth discussion of stochastics, relative strength and the very popular MACD indicator. Pring's unique KST system combines oscillators and time cycles to produce very reliable trading signals. Topics include: Interpretation of momentum indicators; Characteristics of overbought and oversold markets; Trends analysis using momentum indicators; pros and cons of all major oscillators; How to use Wilder's directional movement system.