Author: Welles Wilder
Book Type: Hard Cover
Number of Pages: 140
Date Published: 1978
Publisher: Trend Research

Synopsis:
Classic work by Welles Wilder, known world-wide for his original research on the relative strength indicator. Clearly describes that research and the foundations on which RSI is built. Learn how Wilder uses directional movement to gauge which way a market is trending and signs of strong entry/exit points.

Jacket Description:
Presents six original and definitive technical trading systems plus the renowned RELATIVE STRENGTH INDEX which is charted daily
for each market by most chart services in the U.S.

The book is based on the premise that no single technical trading system makes consistent profits in both strong directional markets and non-directional congestion markets.

The answer presented in this book is the Directional Movement Index which measures on a scale between 0 to 100 how much a particular market is trending. The Directional Movement System defines the equilibrium point and keeps the trades in the direction of the trend.

The concepts of Directional Movement, Volatility, Momentum, Relative Strength and Commodity Selection are defined and explained. The concepts are then expanded with reason and logic into basic definitive trading systems which give exact entry and exit points for trading the markets.

Fully Illustrated with how-to diagrams, worksheets and charts, this book will be an invaluable asset to any market trader.

Table of Contents:
CONTENTS

INTRODUCTION

SECTION 1
Basics
The Missing Part of Most Trading Plans

SECTION II
The Parabolic System

SECTION III
The Volatility Index
The Folatility System

SECTION IV
The Directional Movement Concept
The Directional Movement System

SECTION V
The Momentum Concept
The Trend Balance Point System

SECTION VI
The Relative Strength Index

SECTION VII
The Reaction Trend System

SECTION VIII
The Swing Index
The Swing Index System

SECTION IX
The Commodity Selection Index

SECTION X
Capital Management
Conclusion

APPENDIX
Glossary of Terms and Abbreviations
Printed Copies of Each Work Sheet
 

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