Volatility-Based Technical Analysis + URL - Strategies for Trading the Invisible: 396 (Wiley Trading)

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After reading this book and previous reviews, I felt compelled to write my very first review on Amazon. I have read over 20+ technical analysis books (from Wilder to Mcmillan to Elder to Van Tharp etc). This book is very much different than your typical traditional indicators (in fact there is a great chapter on why traditional indicators do not work in today's environment). The basis for the "new" indicators defined in this book are based on volatility algorithms which the author has developed over time. The book absolutely provides the formulas for these new indicators AND provides a web page to download them (password in book). Obviouusly the indicators need to be applied to either Metastock or TradeStation, so an additional investment is required (if you currently don't own any of the above). The book is an easy read and the author gives plenty of analogies to help the novice reader along.

This book is a hot recommendation for trading with technical analysis. It does not repeat the "old stuff" of fibonacci and systems which do not work anymore in mordern markets.It explains a system which can be successfull in real life trading. The book is hard to read and you should have a sound knowledge to be able to fully understand. Some of the Tradestation programming is very hard to understand because it reference some functions with generic names and can not be understood without futher investigation. Not all indicators mentioned in the book come with open code and it is not possible to easy re-program or find the missing code.Northington helps you to develop your own indicators and gives some interesting up to date insights. The book will help you if you are an analytical trader and if you design systems. I increased my knowledge with this book.Northington promotes his commercial "MetaSwing" system in this book. The commercial system is not included in the book and you will not be able to develop something compareable usefull yourself.If you just look for commercial indicators I recommend to directly lease his indicators (130 US $ a month for Tradestation) because the manual has enough knowledge to fully understand his systems. If you like to learn in general I recommend this book.

this is a pretentious product that purports to "predict" price movement on the basis of volatility. No formulas are provided for the graphic lines and alerts that populate confusing graphs. Even more interesting still is the LACK of use of implied option volatility for front and back months to graph these lines. No references about or discussion of probability of profit using the indicators is made. This book tries to support a BLACK BOX trading method that is an expensive add on for Metastock. There are several problems with this add on. The most important being Metastock CANNOT graph Ichimoku Kinko Hyo(IKH)indicators which would make it highly unlikely that it could graph "forward looking bands" that are even more complex than IKH.A bigger red flag is the lack of discussion of historical volatility and the many ways it can be calculated. Historical volatility is apparently the only thing this program can calculate, since Metastock does not query option chains.IN SHORT: THE BOOK IS AN EXPENSIVE ADVERTISEMENT FOR A BLACK BOX 'VOLATILITY' INDICATOR SYSTEM OF TRADING WHICH IS EVEN MORE EXPENSIVE, THAT WILL REQUIRE CLASSES WHICH ARE EVEN MORE EXPENSIVE.MY ADVISE IS TO EXAMINE THE AUDITED TRADING ACCOUNTS OF THE AUTHOR OVER THE LAST 3 YEARS TO SEE HOW MUCH HE MADE USING THE SYSTEM. ALSO HAS HE PUBLISHED ANY ARTICLES IN WILMOTT'S OR PEER REVIEWED ARTICLES IN THE JOURNAL OF POLITICAL ECONOMY

Genau wie der Titel verspricht geht der Author mit Hilfe von EL auf Volumenbasiertes Handeln ein . Persönlich fasziniert mich der Einsatz des Volumens und die Indi's von Whiley . Schöne Codebeispiele .