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Technical Analysis for the Trading Professional by Constance Brown

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Chapter | 1OSCILLATORS DO NOT TRAVEL BETWEEN 0 AND 100

“Why does it appear that conventional technical indicators are failing us as we approach the twenty-first century? What has changed?” Thirteen years ago this was an opening which did not know the volatility changes that would be ahead. However, this method of describing oscillator movement to determine trend and entry/exits in volatile conditions has stood up to the test of time. I believe strongly that a method you favor should be able to handle market changes; therefore, the original text requires no revision. The only suggestion I would offer is to stop reading occasionally and study how a 14-period Relative Strength Index (RSI) has moved in your own charts. Take any time horizon or market. ...

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