- Hardcover: 142 pages
- Publisher: John Wiley & Sons (21 April 1995)
- Language English
- ISBN-10: 0471027294
- ISBN-13: 978-0471027294
- Product Dimensions: 23.8 x 16 x 1.8 cm
- Average Customer Review: 4.7 out of 5 stars See all reviews (3 customer reviews)
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Amazon Bestsellers Rank:
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- #99 in Books > Business, Finance & Law > Personal Finance > Technical Analysis
- See Complete Table of Contents
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Product Description
Product Description
A guide to the latest, most promising technical indicators and their applications
Momentum, direction, and divergence are the three basic components of nearly all technical indicators used in the analysis of stock and commodities trading. And for those who understand them and their applications, they are also the pillars of a high–performance trading strategy. In this groundbreaking book, technical wizard William Blau schools financial professionals in all three. Combining the latest financial information with dozens of eye–opening graphics, Blau clearly, concisely, and with a minimum of complex mathematics:
∗ Introduces the principle of double smoothing and develops potent new indicators based on double smoothing techniques
∗ Describes the uses and limitations of a variety of notable technical indicators
∗ Explains momentum, direction, and divergence and new ways to apply them
∗ Presents the True Strength Index and shows how it can dramatically improve most directional indicators
∗ Provides new ways of identifying divergence that make implementation far simpler than ever before
MOMENTUM, DIRECTION, AND DIVERGENCE
The Wiley Trader′s Advantage is a series of concise, highly focused books designed to keep savvy traders in tune with the latest successful strategies and techniques used by the keenest minds in the business.
In this latest volume, technical expert Bill Blau shows you how momentum, direction, and divergence form the basis of most technical indicators and how they can work for you to provide a considerable competitive advantage. Clearly, concisely, and with a minimum of complex mathematics, Blau shows you how to understand and apply them. Integrating the latest financial insights with more than 75 easy–to–follow graphics, Blau describes the uses and limitations of many of today′s most notable technical indicators. He then demonstrates a variety of ways in which the principles of momentum, direction, and divergence can be used to create a versatile new set of technical indicators or to improve the effectiveness of the most widely used traditional indicators.
Focusing on the groundbreaking double smoothing concept, which he introduces for the first time in this book, William Blau:
∗ Develops reliable new momentum indicators based on double smoothing techniques
∗ Shows how these indicators improve the effectiveness of most popular oscillators, including the RSI, MACD, and stochastic indicators, by solving a host of timing problems
∗ Combines the standard Welles Wilder techniques with his original True Strength Index to improve the effectiveness of most directional movement indicators
∗ Introduces new ways of identifying divergence that make implementation simpler than ever
∗ And much more
A complete guide to the most potent new indicators and their applications, Momentum, Direction, and Divergence is an indispensable resource for traders, portfolio managers, and all financial professionals.
Momentum, direction, and divergence are the three basic components of nearly all technical indicators used in the analysis of stock and commodities trading. And for those who understand them and their applications, they are also the pillars of a high–performance trading strategy. In this groundbreaking book, technical wizard William Blau schools financial professionals in all three. Combining the latest financial information with dozens of eye–opening graphics, Blau clearly, concisely, and with a minimum of complex mathematics:
∗ Introduces the principle of double smoothing and develops potent new indicators based on double smoothing techniques
∗ Describes the uses and limitations of a variety of notable technical indicators
∗ Explains momentum, direction, and divergence and new ways to apply them
∗ Presents the True Strength Index and shows how it can dramatically improve most directional indicators
∗ Provides new ways of identifying divergence that make implementation far simpler than ever before
MOMENTUM, DIRECTION, AND DIVERGENCE
The Wiley Trader′s Advantage is a series of concise, highly focused books designed to keep savvy traders in tune with the latest successful strategies and techniques used by the keenest minds in the business.
In this latest volume, technical expert Bill Blau shows you how momentum, direction, and divergence form the basis of most technical indicators and how they can work for you to provide a considerable competitive advantage. Clearly, concisely, and with a minimum of complex mathematics, Blau shows you how to understand and apply them. Integrating the latest financial insights with more than 75 easy–to–follow graphics, Blau describes the uses and limitations of many of today′s most notable technical indicators. He then demonstrates a variety of ways in which the principles of momentum, direction, and divergence can be used to create a versatile new set of technical indicators or to improve the effectiveness of the most widely used traditional indicators.
Focusing on the groundbreaking double smoothing concept, which he introduces for the first time in this book, William Blau:
∗ Develops reliable new momentum indicators based on double smoothing techniques
∗ Shows how these indicators improve the effectiveness of most popular oscillators, including the RSI, MACD, and stochastic indicators, by solving a host of timing problems
∗ Combines the standard Welles Wilder techniques with his original True Strength Index to improve the effectiveness of most directional movement indicators
∗ Introduces new ways of identifying divergence that make implementation simpler than ever
∗ And much more
A complete guide to the most potent new indicators and their applications, Momentum, Direction, and Divergence is an indispensable resource for traders, portfolio managers, and all financial professionals.
From the Inside Flap
Momentum, Direction, and Divergence The Wiley Trader’s Advantage is a series of concise, highly focused books designed to keep savvy traders in tune with the latest successful strategies and techniques used by the keenest minds in the business. In this latest volume, technical expert Bill Blau shows you how momentum, direction, and divergence form the basis of most technical indicators and how they can work for you to provide a considerable competitive advantage. Clearly, concisely, and with a minimum of complex mathematics, Blau shows you how to understand and apply them. Integrating the latest financial insights with more than 75 easy–to–follow graphics, Blau describes the uses and limitations of many of today’s most notable technical indicators. He then demonstrates a variety of ways in which the principles of momentum, direction, and divergence can be used to create a versatile new set of technical indicators or to improve the effectiveness of the most widely used traditional indicators. Focusing on the groundbreaking double smoothing concept, which he introduces for the first time in this book, William Blau:
- Develops reliable new momentum indicators based on double smoothing techniques
- Shows how these indicators improve the effectiveness of most popular oscillators, including the RSI, MACD, and stochastic indicators, by solving a host of timing problems
- Combines the standard Welles Wilder techniques with his original True Strength Index to improve the effectiveness of most directional movement indicators
- Introduces new ways of identifying divergence that make implementation simpler than ever
- And much more
Inside This Book
(Learn More)
First Sentence
Our interest in technical analysis is due to our interest in making money. Read the first page
Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
Our interest in technical analysis is due to our interest in making money. Read the first page
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Concordance
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Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
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Customer Reviews
Most Helpful Customer Reviews
1 of 1 people found the following review helpful
Format:Hardcover
I am a trend follower and believed I knew the best divergences and trend following techniques around, however, Blau has opened my eyes to a couple of gems in this work.
Before reading further into this review, readers should be aware that this is a technical indicator book only. This is not for chartists (with the exception of those who study indicator/price divergences), nor is it a grounding in trading in general. This makes the book short, concise and very quick to read (the main text is just over 100 pages).
Unlike other reviewers, I do not think that this is easy to read, some sections in particular will be too algebraic for some. Furthermore, unlike some other 'classic' trading books (those written by Alexander Elder spring to mind) I did not find all of the book useful.
Although Blau's indicators are pioneering and may be superior to others they don't (at least for the first half of the book) bring anything more to the table than concepts already known, such as divergences. While double smoothing and using momentum as a proxy for price itself are both interesting, once again they don't really add anything that is not already available with current indicators/techniques.
Nevertheless, a couple of these indicators are gems. Ergodic MTI, DTI and TSI slope divergences are a must for trend followers (you can use just one of these). Their accuracy at predicting flat markets (so hated by trend followers) is astounding. Much of this book, however, I have ignored.
Overall, for technical trend followers who are used to indicators such as MACD-Histogram, stochastic etc. this is definately worth buying, if not simply to reinforce the concept of slope divergence (not the same as price divergence, this concept is discussed right up until the last chapter) and perhaps to replace current indicators with Blau's superior indicators. Some sections I found difficult to read but Blau is obviously very intelligent and highly innovative. A very good book.
Format:Hardcover
brilliant... introduces the concept of using moving averages on "momentum" indicators as opposed to the traditional moving average on price. Teaches how the concept of moving averages on "price" produces lag and then highlights the strengths of trading with momentum indicators by way of double smoothing. The best book I have seen on momentum trading .... bar none.
Format:Hardcover
This is probably one of the best book I have seen in Technical Analysis. Blau explains clearly in simple English how 'Momentum and Direction' works. Divergence is little tough to understand, overall I think. I would recommend this to anyone who wants to understand Momentum/Direction.
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