October 2015
Intermediate to advanced
704 pages
23h 13m
English
book
Technical Analysis: The Complete Resource for Financial Market Technicians, Third Edition
by Charles D. Kirkpatrick II, Julie R. Dahlquist
Content preview from Technical Analysis: The Complete Resource for Financial Market Technicians, Third Edition
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Chapter 18. Confirmation
Chapter Objectives
By the end of this chapter, you should be familiar with
• The methods of plotting volume information on charts
• Traditional general rules for interpreting volume statistics
• The major indexes and oscillators that are designed to use volume information as confirmation
• The concept of open interest and how it might be used for confirmation
• The concept of momentum
• The major indexes and oscillators that use price data
The odds increase that a technical signal is correct if there is confirmation from another unrelated indicator. Charles Dow recognized this concept and used the confirmation of two different price averages before he recognized a legitimate market signal. In the days when only chart ...
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.