Trading with Oscillators: Pinpointing Market Extremes - Theory and Practice (Wiley Traders Exchange) (Paperback)

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Product Description
The first new book in a generation to focus on the practical applications of trading with oscillators

Oscillators are an essential group of indicators that futures, options, and stock traders have embraced to reveal turning points in flat markets. In this pioneering book, Mark Etzkorn, Associate Editor of Futures magazine, comprehensively discusses the purposes and uses of such important oscillators as stochastic, momentum, Elder–Ray, Williams %R, among many others, then focuses on Relative Strength Index (RSI), one of today′s most popular oscillators. Etzkorn reveals how RSI measures the internal strength of a security, how to calculate it, and how to use it to make better decisions about accepting or rejecting particular market signals. Moreover, he demonstrates how investors can adapt, modify, and apply RSI across different market conditions and time periods, and combine it with other indicators, including Contrary Application and Tom De Mark′s concept of duration.

MARK ETZKORN (Chicago, Illinois) is Senior Editor of Futures magazine, where he focuses on technical analysis and trading software. He has worked in the futures and options industry as a trader and broker at the Chicago Mercantile Exchange and The Board of Trade Clearing Corporation.

From the Back Cover
Essential technical analysis tools, oscillators are a specialized group of indicators that act primarily as mechanisms for catching market turning points. In this indispensable new resource, Mark Etzkorn thoroughly examines all the facets of these popular trading tools, first explaining the logic on which they are based, then guiding you through the fundamentals and applications of such well–known indicators as momentum, rate of change (ROC), stochastics, the Relative Strength Index (RSI), and Moving Average Convergence–Divergence (MACD). Next, advanced trading issues and new oscillator developments are explored. Providing the framework you need to make sound trading decisions with momentum–based indicators, Trading with Oscillators offers complete information on the basic concepts underpinning each oscillator––how it works, what it measures, and what its strengths and weaknesses are––along with detailed data on historical performance, divergence characteristics, variable price inputs and time frames, and a realistic appraisal of trading strategies for different market conditions.

"A comprehensive, realistic, and up–to–date explanation of a potentially valuable (but widely misused) class of technical indicators. Readers will learn not only the formulas and conventional interpretations of popular oscillators, but, more importantly, will gain an understanding of both the inherent limitations of oscillators and their appropriate role in the technical repertoire of the skilled trader." ––Thomas A. Bierovic, Synergy Futures.

"A realistic appraisal of oscillators, Etzkorn separates the myth from the fact. Trading with Oscillators should be read by any trader contemplating the use of oscillators as a market timing tool." ––Jack D. Schwager, author, Technical Analysis

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First Sentence
Before discussing a technical indicator or a trading approach, it's helpful to understand the basic concepts upon which it's based. Read the first page Browse Sample Pages
Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover

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2 Reviews 5 star:  (1) 4 star:    (0) 3 star:    (0) 2 star:    (0) 1 star:  (1)           Average Customer Review 3.0 out of 5 stars (2 customer reviews)		Share your thoughts with other customers: Create your own review
Most Helpful Customer Reviews   1.0 out of 5 stars promises a lot, but delivers very little, 23 Mar 1999 By A Customer The "absolute truth" is in the book's own conclusion: "The evidence suggests oscillators function better as discretionary or forecasting tools than as the foundation for systematic trading strategies." The subtitle "Pinpointing Market Extremes -- Theory and Practice", lead me to expect exactly the opposite. If you've already read some articles about the standard oscillators, or read any other books that covered them, you already know everything you'll know after reading this book. Even the index, glossary, notes, etc., only get the page count of this slim paperback up to 160. The book promises a lot but delivers very little. The author generated some charts showing the various oscillators he describes, but doesn't contribute anything new himself. It's really no more than a survey of other peoples work. I didn't feel I got anything useful for my money. A beginner who wasn't already familiar with the normal selection of oscillators would be far better served investing in Kaufman's latest edition. Comment Comment | Permalink | Was this review helpful to you? Yes No (Report this)   0 of 1 people found the following review helpful: 5.0 out of 5 stars The absolute truth for the novice trader ., 11 Jul 1998 By A Customer After buying software that used oscillators and, reading the explaintions about oscillators, I was still in the dark. This book gave me the knowledge to use oscillators in an environment that gives the trader the biggest edge. Comment Comment | Permalink | Was this review helpful to you? Yes No (Report this) Share your thoughts with other customers: Create your own review › See all 2 customer reviews...		Ad feedback   Search Customer Reviews Only search this product's reviews

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