With the low cost of modern computer hardware and software combined with the communication of price data via satellite, a new and rapidly expanding market of traders using computers has developed. This essential book bridges the gap between the basic instruction that comes with software programs and what a trader actually needs to know to develop and text profitable futures trading system. With specific information on how to set up and use computer-generated technical studies of the most popular indicators, the book includes: How to build a trading system tailored to the reader's specific need; Practical instruction on how to display and analyze technical information; Advice for developing well disciplined money management and risk control strategies; techniques for monitoring a trading system to detect if something has gone wrong before major losses occur.Directional Movement Indicator (DMI) and Average Directional Movement Index ( ADX) The vast majority of profitable trading systems ... understanding of ADX, we must begin with a basic explanation of the directional movement indicator (DMI), which is used to produce the ADX. ... 1978 book, New Concepts in Technical Trading Systems, a classic work on technical analysis which we heartily recommend.
|Title||:||Technical traders guide to computer analysis of the futures market|
|Author||:||Charles LeBeau, David W. Lucas|
|Publisher||:||McGraw-Hill - 1992|