The present book avoids the fantasy recipes that abound in technical analysis and focuses instead on those that are statistically correct and can be understood by newcomers as well as appreciated by professionals. The described protocols and techniques will prove invaluable in analyzing market behavior and assisting in trading decisions. The algorithms used in the technical analysis of financial markets have changed beyond recognition. This book offers a more efficient technical analysis a one that is not satisfied with protocols that just seem to be fine, but which requires that they are indeed fine, verifying this through simulations on the PC, serious statistical counts, and so on.aFor example, in case the cycle was 60 days, CCI should be set to 20 bars. Here is the procedure4 used to compute the CCI: for each bar find first the so-called typical price TP: TP: (H+L+C)/3 where H is the high, L is the low, and C is the close;anbsp;...
|Title||:||Basic Technical Analysis of Financial Markets|
|Author||:||Renato Di Lorenzo|
|Publisher||:||Springer Science & Business Media - 2013-06-03|