Technical Markets Indicators Analysis & Performance

by Bauer, Richard J.; Dahlquist, Julie R.

• ISBN13: 9780471197218
• ISBN10: 0471197211
• Edition: 1st
• Format: Hardcover
• Copyright: 1998-11-26
• Publisher: Wiley

Summary

"Who says a technician has to use charts? Here is a book that sidesteps traditional technical analysis and describes how tabular data can be more informative." - Ralph Acampora Managing Director Prudential Securities.

Author Biography

RICHARD J. BAUER Jr., CFA, is Professor of Finance at the School of Business and Administration at St. Mary's University of San Antonio and is past president of the San Antonio Society of Financial Analysts. Dr. Bauer's articles on investments and computer applications appear frequently in professional publications, and he is a frequent conference speaker.<br> <br> R. DAHLQUIST is Associate Professor of Finance and Director of the Innsbruck Program at St. Mary's University. Her research has appeared in Applied Economics, Managerial Finance, and Financial Practice and Education.

Table of Contents

Chapter 1 The Technical Analysis Controversy	1	(17)
The Basics of Stock Trading	3	(1)
What Is Technical Analysis?	3	(1)
The Use of Charting	4	(2)
Volume	6	(1)
Bar Charts and Candlestick Charts	7	(1)
Chart Construction	8	(1)
The Technical Analysis Controversy	9	(1)
The Pro Camp	9	(3)
The Con Camp	12	(3)
Testing of Technical Analysis	15	(3)
Chapter 2 Evaluating Indicator Performance	18	(16)
Performance Criteria	18	(6)
Testing Methodology	24	(3)
Major Results	27	(7)
Chapter 3 Moving Average Indicators	34	(71)
Trading Band Crossover	37	(2)
Bollinger Band Crossover	39	(6)
Kirshenbaum Bands	45	(6)
Directional Movement Crossover	51	(6)
MAC-D	57	(9)
Money Flow RSI Breakout	66	(6)
Money Flow RSI Crossover	72	(1)
Moving Average Crossover	73	(6)
Moving Average Convergence/Divergence Crossover	79	(9)
Stochastic Moving Average	88	(1)
Volume Accumulation Percent Breakout	89	(6)
Volume Accumulation Percent Band Crossover	95	(10)
Chapter 4 Oscillator Indicators	105	(82)
Commodity Channel Index Peaks	106	(6)
Commodity Channel Index Fibonacci Peaks	112	(1)
Chaikin Level Peaks	113	(5)
Commodity Channel Index + 100/-100 Crossover	118	(10)
Momentum Peaks	128	(1)
Relative Strength Index Peaks	129	(9)
Relative Strength Index Crossover	138	(6)
Rate of Change Crossover	144	(1)
Rate of Change +6/-6 Crossover	145	(5)
Stochastic Peaks	150	(10)
Stochastic +80/+20 Crossover	160	(1)
TRIX Momentum Peaks	161	(6)
TRIX Momentum Fibonacci Peaks	167	(9)
Williams %R Peaks	176	(1)
Williams %R Crossover	177	(10)
Chapter 5 Divergence Indicators	187	(51)
Divergence	187	(1)
Commodity Channel Index Divergence	187	(2)
Chaikin Level Divergence	189	(6)
Rate of Change Divergence	195	(7)
Relative Strength Index Divergence	202	(8)
Money Flow Relative Strength Index Divergence	210	(1)
Stochastic Divergence	211	(6)
TRIX Divergence	217	(9)
Volume Accumulation Percent Divergence	226	(6)
Williams %R Divergence	232	(6)
Chapter 6 Trend Indicators	238	(65)
Trends	238	(1)
Average Directional Index Breakout	239	(5)
Gap Breakout	244	(6)
Random Walk Breakout	250	(1)
Stop and Reverse Crossover	251	(6)
Trendline Break--Long Term	257	(9)
Trendline Break--Medium Term	266	(6)
Trendline Break--Short Term	272	(1)
Trend Rule Trading	273	(5)
Bollinger Bands with ADX	278	(1)
Trendline Reversal--Long Term	279	(13)
Trendline Reversal--Medium Term	292	(1)
Trendline Reversal--Short Term	293	(10)
Chapter 7 Patterns	303	(69)
Candlestick Patterns	303	(1)
Candle Belt Hold	304	(6)
Candle Counterattack	310	(6)
Candle Doji Star	316	(1)
Candle Engulfing Lines	317	(6)
Candle Harami Pattern	323	(6)
Candle Hammer	329	(7)
Candle Inverted Hammer	336	(8)
Candle Morning-Evening Star	344	(1)
Candle Piercing Line	345	(6)
Volatility Breakout System	351	(9)
Volume Climax	360	(1)
Volume Trend	366	(6)
Chapter 8 Individual Stock Results	372	(17)
Long-Signal Results	373	(7)
Short-Signal Results	380	(7)
Conclusions	387	(2)
Chapter 9 Combination Results	389	(13)
Summary Results: Long Combinations	390	(3)
Summary Results: Short Combinations	393	(1)
A More Detailed Picture	393	(7)
Conclusions	400	(2)
Chapter 10 Conclusions	402	(9)
Major Conclusions	402	(7)
Final Thoughts	409	(2)
Bibliography	411	(6)
Index	417