The New Technical Trader: Boost Your Profit by Plugging Into the Latest Indicators

by Stanley Kroll and Tushar S. Chande

The breakthrough trader's guidebook that combines the latest, most promising methods of technical analysis with the classic tactics of risk control and money management... In The New Technical Trader, trading system wizard Tushar Chande and money management expert Stanley Kroll present a bold new array of dynamic, price-based, and risk control indicators that provide timely, reliable answers to the difficult analytic challenges of pattern recognition,...

• Format: Hardcover
• Language: English
• ISBN: 0471597805
• ISBN13: 9780471597803
• Release Date: April 1994
• Publisher: Wiley
• Length: 224 Pages
• Weight: 1.06 lbs.
• Dimensions: 0.8" x 6.3" x 9.3"

Customer Reviews

Excellent

A very good book. Details several strategies, risk control and money management methods used by professional traders

Excellent new indicators!!!

This book is very interesting and bebeficial to technical analysis on stock market. His new indicators work very well. Especially stochRSI, I use it major market indicator to predict market price. Very good contribution!

Nice introduction to intermediate-level technical analysis

Discusses interesting twists on traditional indicators, such as Stochastic RSI which combines concepts from the Stochastic and the RSI, or Qstick, which quantifies the candlestick approach. If you're the math-innovative-type, this book can really stimulate your imagination to further develop your own indicators. The presentation, though clear in most parts, contains some vague paragraphs which make no sense without prior background in the material. I wouldn't recommend this as a first book on technical analysis (if that's what you're looking for, try Technical Analysis from A to Z by Achelis). However, once past the basics, this is what you need if you're planning to dig deeper and get more serious. I warn you though that all the colorful promises (exemplified by only one example in most cases) as to how much better these indicators are may not hold in general. However, they do contain some very important concepts needed to refine the standard technical indicators and can serve as a springboard for new ideas.

Links indicators through their formulas and functions.

A thoroughgoing understanding of a variety of cutting edge indicators is imparted to the reader from the math, statistical and conceptualpoints of view. The indicators and risk management techniques presented provide a complete (though not comprehensive) set of trading tools. State of the art