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 ".
Babylonian does not decline to speculative operations.
He honours verdicts of a case, consigns them his life, hope and panic fear.
However he does not consider an investigation neither the confusing
laws of a case nor the movement of rotating spheres which open it to him.
Borches
There are thousand indicators which to an essence are, in fact, the same as minimal variations. They are often different only by theirs names. New "magic" indicators are created for two reasons: 1) poor knowledge of the underlying subject which can lead to the second invention; 2) the intentional profanation. The majority of indicator users accept them like the absolute and do not think of their physical meanings and properties. Moreover, popular books give the indicators such properties which they don’t have. Looking inside the indicators the curious can discover that it is nothing but elementary digital filters. Its theory and methods exists more than hundred years and they are used in engineering everywhere. For example, a simple moving average is a low frequencies filter with the finite impulse characteristic, an exponential moving average is a low frequencies filter with the infinite impulse characteristic, ...
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Product Name:
Wavelet Transform Dll for TradeStation (Omega Research)
Version: 1.12
Release Date: Sep 22, 2002
Distribution: Full
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