Momentum, Direction, and Divergence. Applying the Latest momentum Indicators for Technical Analysis

Momentum, Direction, and Divergence. Applying the Latest momentum Indicators for Technical Analysis - William Blau

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