Wavelet Transform: Trading System and Indicator Example
The complete indicator-based technical analysis without magic and profanation.
Anyone who uses the history of the prices change of anyhow deals with the technical analysis. The formalized part of the technical analysis appears to be so-called "indicators". The indicator, by definition of Mr. Akelis, the creator of the popular program MetaStock, is "a mathematical calculation which is applied to the price and - or volume of the securities. The result is value which is used for expectation of the future change of the prices ".
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