9780070120570

The Encyclopedia Of Technical Market Indicators, Second Edition

by
  • ISBN13:

    9780070120570

  • ISBN10:

    0070120579

  • Edition: 2nd
  • Format: Hardcover
  • Copyright: 2002-11-12
  • Publisher: McGraw-Hill Education
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Summary

Today's most all-inclusive reference of technical indicators--what they are and how to use them to add value to any trading programTechnical analysis has become an incredibly popular investors' tool for gauging market strength and forecasting short-term direction for both markets and individual stocks. But as markets have changed dramatically, so too have technical indicators and elements.The Encyclopedia of Technical Market Indicatorsprovides an alphabetical and up-to-date listing of hundreds of today's most important indicators. It defines what each indicator is, explains the philosophy behind the indicator, and of the greatest importance provides easy-to-understand guidelines for using it in day-to-day trading.Broad in both scope and appeal, this one-of-a-kind reference painstakingly updates information from the previous edition plus defines and discusses nearly 100 new indicators.

Author Biography

Robert W. Colby, CMT, is a leading authority on investing. He is widely known as an independent researcher who consults with both individual and institutional investors, and he is a featured speaker on investment research methods and the investment outlook at conferences and seminars worldwide. For his latest ongoing research, go to www.robertwcolby.com.

To further your own independent research, Robert W. Colby has arranged for your benefit a discount on the same MetaStock® technical analysis software he used for this book. Call 1-800-882-3040 and mention "Offer Code COLBY" to purchase MetaStock® at a special discount price.

Table of Contents

Preface iii
Acknowledgements iv
PART I Evaluating Technical Market Indicators 1(44)
Introducing Technical Market Indicators
3(7)
24 Advantages of Using Technical Market Indicators
3(2)
Trends are the Most Important Considerations in Trading and Investing
5(1)
Back-Testing Technical Market Indicators Has Proved to Be Effective
6(1)
Types of Technical Market Indicators: Trend, Momentum, Sentiment
7(2)
Criteria for Judging Technical Market Indicators, Trading Systems, Investment Timing Models
9(1)
Walk-Forward Simulation of Technical Market Indicators Offers the Potential for Consistent Profits Through Time
10(17)
Nine Steps to Walk-Forward Simulation of Technical Market Indicators
10(3)
A Specific Example of a Walk-Forward Simulation of a Simple Technical Indicator
13(2)
Example of Using the Nine Steps to Walk-Forward Simulation on the Dow-Jones Industrial Average
15(10)
Summary and Conclusions About Walk-Forward Simulation
25(2)
Finding a Technical Market Indicator that is Right for You
27(9)
Six Common Errors to Avoid
27(2)
Do Your Own Work
29(7)
What Others Say About Technical Market Indicators, Models, and Trading Systems
36(9)
A Useful Guide to Decision Making: Bierman, Bonini, and Hausman
36(1)
Effective Application of Pattern Recognition Decision Rules: Ted C. Earle
37(1)
The Advantages of Developing Your Own Trading System: Joe Krutsinger
38(1)
Keep It Simple and Do Adequate Testing: Robert C. Pelletier
39(1)
The Cells Method of Indicator Evaluation: David R. Aronson
39(6)
PART II Technical Market Indicators 45(750)
Absolute Breadth Index
47(4)
Accumulation/Distribution (AD)
51(4)
Accumulation Swing Index (ASI)
55(4)
Adaptive Moving Average
59(1)
Advance/Decline Divergence Oscillator (ADDO)
59(1)
Advance-Decline Line, A-D Line
60(8)
Advance-Decline Non-Cumulative: Hughes Breadth-Momentum Oscillator
68(7)
Advance/Decline Ratio
75(3)
Advisory Sentiment Index
78(5)
American Association of Individual Investors Survey
83(2)
Andrews' Pitchfork: Median Line Method
85(4)
Arms' Ease of Movement Value (EMV)
89(3)
Arms' Short-Term Trading Index (TRIN, MKDS)
92(10)
Aroon, Arron Oscillator
102(6)
Astrology, Financial Applications of Astronomical Cycles
108(4)
Astrology, Long-Term Cycles
112(1)
Average True Range
113(1)
Black-Box Systems
114(1)
Bollinger Bands
114(6)
Bollinger Band Width Index
120(1)
Bolton-Tremblay Indicator
121(1)
Bracketing, Brackets, Dynamic Brackets
122(1)
Breadth Advance/Decline Indicator: Breadth Thrust
123(5)
Bullish Consensus
128(2)
Call-Put Dollar Value Flow Line (CPFL)
130(4)
Call-Put Dollar Value Ratio
134(4)
Call-Put Premium Ratio
138(4)
Call-Put Volume Ratio
142(4)
Chande Momentum Oscillator (CMO)
146(4)
Chi-Squared Test of Statistical Significance
150(2)
Circuit Breakers, Daily Price Limits, Trading Halts, Curbs
152(1)
Combining Multiple Technical Indicators
153(1)
Commitment of Traders Report
154(1)
Commodity Channel Index (CCI)
155(4)
Commodity Channel Index Crossing Zero: Zero CCI
159(3)
Commodity Selection Index (CSI)
162(4)
Confidence Index
166(1)
Contrary Opinion: The Art of Contrary Thinking
167(1)
Copock Curve (Coppock Guide)
168(7)
Cumulative Equity Line
175(1)
Cumulative Volume Index
176(1)
Cycles of Time and Price
176(13)
Data
189(1)
Data Exploration, Data Mining
189(1)
Days of the Month
190(8)
Days of the Week
198(5)
Decennial Pattern, Decennial Cycle
203(5)
Demand Index (DI)
208(1)
DiNapoli Levels, Fibonacci Profit Objectives
209(3)
Directional Movement Index (DIM)
212(5)
Divergence Analysis
217(2)
Donchian's 4-Week Rule
219(1)
Double Exponential Moving Averages (DEMA)
219(5)
Dow Theory
224(30)
Dunnigan's One-Way Formula
254(1)
Dunnigan's Thrust Method
254(2)
Efficient Market Hypothesis
256(1)
Elder-Ray
256(1)
End Point Moving Average (EPMA)
257(1)
Envelopes, Moving Average Envelopes, and Trading Bands
257(3)
Equity Drop Ratio
260(1)
Exploratory Data Analysis
261(1)
Exponential Moving Average (EMA), Exponential Smoothing
261(9)
Fibonacci Numbers, Fibonacci Cycles
270(5)
Force Index
275(1)
Fourier Analysis: Fast Fourier Transform
275(5)
Funds Net Purchase Index
280(1)
Futures Algorithm of Rollovers for CSI's Perpetual Contract
280(2)
Futures Contracts: Expiration Months and Symbols
282(1)
Gann Angles*
283(4)
Gann's Square of Nine
287(2)
General Motors as a Market Bellwether Stock
289(4)
Gross Trinity Index
293(2)
Haurlan Index
295(3)
Herrick Payoff Index
298(4)
Hi Mom System, High Momentum System
302(1)
High Low Logic Index
302(1)
The Hindenberg Omen
303(1)
Holidays
303(2)
Holy Grail
305(1)
Hook
305(1)
Hypothesis Testing
305(1)
Indicator Seasons, Elder's Concept
306(8)
Inertia
314(1)
Insiders' Sell/Buy Ratio
314(7)
Intermarket Divergences
321(1)
Intraday Trading, Day Trading, Behavior of Prices Through the Day
322(5)
January Barometer
327(3)
January Effect
330(2)
January's First Five Days, an ``Early Warning'' System
332(2)
Kagi Charts
334(2)
Kane's % K Hooks
336(1)
Kase Indicators
336(1)
Keltner Channel with EMA Filter
337(4)
Keltner's Minor Trend Rule
341(1)
Keltner's 10-Day Moving Average Rule
341(1)
Key Reversal Day
341(5)
Klinger Oscillator (KO)
346(1)
KST (Know Sure Thing)
346(8)
Large Block Ratio
354(1)
Large Block Ratio
354(1)
Large Block Transactions
355(1)
Least Squares Method
355(1)
Linear Regression Line
356(4)
Linear Regression Slope
360(4)
Liquidity
364(1)
Livermore Swing System, Livermore Penetration Filter
364(1)
Lowry's Reports
365(9)
Lucas Numbers
374(1)
Margin
375(1)
Margin Debt
375(5)
Margin Requirement
380(1)
Market Profile
381(1)
Market Vane
382(1)
Mart's Master Trading Formula
382(2)
Mathematical Models
384(1)
Maximum Entropy Spectral Analysis
384(1)
McClellan Oscillator
385(5)
McClellan Summation Index
390(6)
Meander
396(1)
Member/Odd Lot Index
396(1)
Member Short Ratio
397(3)
Momentum
400(2)
Months of the Year: Significant Seasonal Tendencies to Rise or Fall
402(8)
Most Active Stocks
410(2)
Moving Average Convergence-Divergence Trading Method (MACD)
412(4)
Moving Average Filters and Multiple Confirmation
416(1)
Moving Average Slope
416(1)
Multicolinearity
416(1)
Multiple Time Frame Analysis Using Exponential Moving Average Crossover Rules
417(5)
Mutual Funds Cash/Assets Ratio
422(2)
N-Day Rule
424(1)
Negative Volume Index (NVI)
424(4)
New Highs-New Lows
428(4)
(New Highs-New Lows)/Total Issues Traded: New Highs/New Lows Ratio
432(4)
New Highs/Total Issues Traded
436(4)
New Issue Thermometer (IPO Monthly Total)
440(2)
New Lows/Total Issues Traded
442(4)
Ninety Percent Days, Nine to One Days
446(8)
Nofri's Congestion-Phase System
454(1)
Number of Advancing Issues
454(4)
Number of Declining Issues
458(1)
Number of Total Issues Traded
459(4)
Odd Lot Balance Index: Odd Lot Total Sales/Odd Lot Total Purchases
463(3)
Odd Lot Short Ratio
466(14)
Ohama's 3-D Technique
480(1)
Open Interest
480(5)
Open Interest, Larry Williams' Variation
485(1)
Open Interest Trend-Following Strategy
486(3)
Optimism/Pessimism Index (OP)
489(1)
Option Activity By Public Customers: Customer Option Activity Index
489(1)
Options
490(1)
Oscillators
491(2)
Outside Day With an Outside Close
493(1)
Overbought/Oversold Oscillators
494(1)
Parabolic Time/Price System
495(7)
Percentage of Stocks Above Their Own 30-Week and 10-Week Simple Moving Averages
502(8)
Permission Filters, Permission Screens
510(1)
Pivot Point
510(1)
Pivot Point Reverse Trading System
510(4)
Point and Figure Charts (P&F Charts)
514(6)
Polarized Fractal Efficiency (PFE)
520(1)
Positive Volume Index (PVI)
520(6)
Pre-Holiday Seasonality
526(1)
Presidential Election Cycle
526(8)
Price Channel Trading Range Breakout Rule
534(4)
Price Channel Trading Range Breakout Rule, Dynamic
538(1)
Price Oscillators: Moving Average Oscillators
538(5)
Price Trend Channels, Sloping Upward or Downward
543(1)
Program Trading Volume
543(2)
Projection Bands
545(4)
Projection Oscillator
549(5)
Proprietary Indicators
554(1)
Psychological Line, PI Opinion Oscillator, PI
555(1)
Public Short Ratio
555(5)
Public/Specialist Short Ratio
560(4)
Put/Call Premium Ratio
564(4)
Put/Call Ratio: Put/Call Volume Ratio
568(4)
Qstick
572(7)
R-Squared
579(3)
Random Walk Hypothesis
582(1)
Random Walk Index (RWI)
583(5)
Range: Upshaw's ``Home on the Range`` Price Projection Method (HOTR)
588(2)
The Range Indicator (TRI)
590(6)
Rate of Change (ROC)
596(4)
Relative Strength (Ratio Analysis)
600(10)
Relative Strength Index (RSI)
610(8)
Relative Volatility Index (RVI)
618(4)
Renko Charts
622(1)
Resistance
622(1)
Resistance Index, Art Merrill's
622(2)
The Rule of Seven
624(2)
Santa Claus Rally
626(1)
Schultz Advances/Total Issues Traded (A/T)
626(4)
Second Hour Index
630(1)
Secondary Offerings
631(1)
Sector Rotation
631(2)
Sentimeter
633(2)
Sharpe Ratio
635(1)
Short Interest for Individual Stocks, Phil Erlanger's Indicators
636(1)
Short Interest Ratio
637(3)
Sign of the Bear
640(4)
Simple Moving Average (SMA): Moving Arithmetic Mean
644(5)
Specialist Short Ratio
649(4)
Speed Resistance Lines
653(1)
Springboard
654(1)
Stage Analysis
654(3)
Standard Deviation
657(1)
Statistics
657(2)
STIX: The Polymetric Short-Term Indicator
659(5)
Stochastics (Lane's Stochastics)
664(10)
Stochastic Pop Breakout: Popsteckle
674(1)
Stock Market Price Indexes
674(4)
Support and Resistance
678(2)
Swing Filter
680(2)
Swing Index (Wilder's)
682(1)
Swing Retracement Levels
683(1)
Taylor Book Method
684(1)
Three Line Break Charts
684(2)
Three Moving Average Crossover
686(1)
TICK
686(5)
Tick Volume Bar
691(1)
Time Segmented Volume (TSV)
691(1)
Time Series Forecast (TSF), Moving Linear Regression, End Point Moving Average (EPMA)
692(1)
Total Issues Traded
692(1)
Total Short Ratio
692(1)
Total Win Trade %, the Trader's Advantage
693(1)
Trap: Bull Trap, Bear Trap
693(1)
Trailing Reversal Trading System
693(1)
Trend Channel
694(1)
Trendlines, Trend Lines
694(2)
Trident Commodity Trading System
696(1)
Triple Crossover Method
696(1)
Triple Exponential Moving Averages (TEMA)
697(5)
Triple Screen Trading System
702(1)
TRIX (Triple Exponential Smoothing of the Log of Closing Price)
702(4)
True Range
706(1)
25-Day Plurality Index
706(8)
Two Moving Average Crossover
714(1)
Turtle Soup
714(1)
Typical Price
714(1)
Ultimate Oscillator
715(5)
Unchanged Issues Index
720(4)
Upside/Downside Ratio
724(4)
Volatility, Introduction
728(1)
Volatility, Chaikin's
729(1)
Volatility, CBOE Volatility Index (VIX)
729(4)
Volatility Bands
733(1)
Volatility & Price Channel
734(4)
Volatility Expansions
738(1)
Volatility Index, Art Merrill's Version
739(1)
Volatility Ratios
739(4)
Volume
743(5)
Volume Acceleration
748(4)
Volume Accumulation Oscillator, Volume Accumulation Trend
752(6)
Volume: Cumulative Volume Index of Net Advancing Issues Minus Declining Issues
758(1)
Volume: Cumulative Volume Ratio
759(1)
Volume of Issues, Advancing
759(3)
Volume of Issues, Declining
762(1)
Volume: Klinger Oscillator (KO)
762(4)
Volume: New York Stock Exchange Versus Over-The-Counter
766(1)
Volume: On-Balance Volume (OBV)
766(6)
Volume Oscillator
772(2)
Volume * Price Momentum Oscillator (V*PMO)
774(4)
Volume Reversal
778(3)
Volume Up Days/Down Days
781(1)
Volume: Williams' Variable Accumulation Distribution (WVAD)
782(2)
Wall Street Week (WW) Technical Market Index
784(5)
Weighted Moving Average: Moving Position Weighted Arithmetic Mean
789(5)
Weighting Different Technical Indicators
794(1)
Wilder's Smoothing
795(1)
Williams' Percent Range (%R)
795(1)
Wyckoff Wave
795(1)
About the Author 795(1)
Special Discount Offer From Metastock® and Robert W. Colby 796(3)
Index 799

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