New Concepts in Technical Trading SystemsClassic work describing 6 proprietary systems developed by a pioneer in technical analysis. The prima ones still used are RSI, Directional Movement, and parabolics. |
Contents
Basics | 7 |
The Parabolic System | 17 |
The Directional Movement Concept | 45 |
Copyright | |
6 other sections not shown
Common terms and phrases
14 days ADXR average DOWN close Average True Range average UP close B₁ bar chart breakout point C₁ calculate close price COMMODITY SELECTION INDEX concept CONTRACT MONTH DAILY WORK SHEET day's Directional Movement Index entry equation equilibrium point exit the market failure swing following day four price action go Long go Short HIGH LOW CLOSE HIGH SWING POINT indicator Long position low and close LOW SWING POINT number in Column obtain oscillator previous close previous day previous momentum factors price action points price closed Reaction Mode Reaction Trend System Relative Strength Index reverse point S₁ SAR for Day SAR for tomorrow Short position Short trade Soybeans STOP AND REVERSE subtract SWING INDEX T-Stop target today's high today's low trailing INDEX SAR trailing stop TREND BALANCE POINT Trend Mode trade VOLATILITY INDEX Volatility System yesterday's close