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Technical Analysis For Dummies®, 2nd Edition by Barbara Rockefeller

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Part V

Flying with Dynamic Analysis

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In this part . . .

Math-based indicators are commonplace today, even among non-technicians. The purpose of these indicators is to refine and better quantify the same questions asked in all technical methods: Is the security trending? How strong is the trend? Is the trend ending?

Every indicator uses basic arithmetic to fiddle with the various components of a series of bars. If you have a grasp of the bar components, you don’t need to bother with the exact formulas unless you like formulas. In this part, I walk you through the most commonly used indicators and show how they capture various aspects of crowd behavior.

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