Download Basic Technical Analysis of Financial Markets: A Modern by Renato Di Lorenzo PDF

By Renato Di Lorenzo

The current e-book avoids the fable recipes that abound in technical research and focuses in its place on those who are statistically right and will be understood by way of newbies in addition to preferred through pros. The defined protocols and strategies will turn out valuable in reading marketplace habit and supporting in buying and selling judgements.

The algorithms utilized in the technical research of economic markets have replaced past recognition. This booklet offers a extra effective technical research – person who isn't happy with protocols that simply appear to be advantageous, yet which calls for that they're certainly advantageous, verifying this via simulations at the workstation, critical statistical counts, and so on.​

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32. The numbers on the vertical axis are the percentage changes from a price made on a specific date (1 January 2011 in the example). Normally the different platforms allow one to choose as a reference not only an exact date, but also the maximum price reached in a certain period of time, or the minimum, or other possible combinations. 14 Type of Price On the different platforms normally one can also vary the type of price from which the graph is done; this is because it is not necessarily true that the closing price be always the most representative of the asset behavior.

22 Lottomatica. ProRealTime platform 1 Graphical Representation 22 Vincente has been a broker for 13 years and had to fight in one of the most volatile markets in the world. He then imagined this method just to be able to cope with such volatility, and he came to the conclusion that the time axis had to be neglected, focusing only on the price movements, as is done in the Point and Figures chart. The appearance of the range bars graph is that of a regular bar graph, but the bars do not close at a specific point in time (for instance after 15 min or 1 day and so on…) but when the price has reached a specific fixed range, such as $ 10.

6 %, that is much less. Then the vertical scale has been made proportional to the percentage distance and not to the distance in value as it was in the previous case. Since in finance we are accustomed to think in terms of percentages rather than returns in value, this kind of graph represents better the reality of the market, resulting in more compressed high prices and more dilated low prices. This is the so-called logarithmic representation. 32. The numbers on the vertical axis are the percentage changes from a price made on a specific date (1 January 2011 in the example).

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