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The use of technical market indicators has long been a
controversial subject, highly regarded by some and treated
with great skepticism by others. Yet, the number of
indicators - and the number of individual investors and
finance professionals using them - continues to grow. Now,
more than ever, there is an urgent need for objective
testing to determine the validity of these indicators.
Technical Market Indicators is a unique study of the
performance of many of the most widely used technical
analysis indicators. The authors explore in an unbiased,
rigorous manner whether these indicators consistently
perform well or fail to do the job. They explain which
indicators work best and why, providing a clear picture of
what the investor is likely to experience when using
technical analysis.
- Comprehensive testing of sixty different indicators, fully
described, including Trading Band Crossover, Relative
Strength Peaks, Random Walk Breakout, Candle Belt Hold, and
Volume Trend.
- An explanation of the underlying concepts behind the
indicators and their methods of calculation.
- In-depth results of tests on each individual indicator,
with over 250 pages of detailed tables.
- An examination of trading rules that combine two or more
indicators and a report of a sampling of the best
combinations.
- An annotated bibliography.
Contents:
1.
The Technical Analysis Controversy
2. Evaluating Indicator Performance
3. Moving Average Indicators
4. Oscillator Indicators
5. Divergence Indicators
6. Trend Indicators
7. Patterns
8. Individuial Stock Results
9. Combination Results
10. Conclusions
Bibliography
Index
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