The breakthrough trader’s guidebook that combines the latest, most promising methods of technical analysis with the classic tactics of risk control and money management… In The New Technical Trader, trading system wizard Tushar Chande and money management expert Stanley Kroll present a bold new array of dynamic, price-based, and risk control indicators that provide timely, reliable answers to the difficult analytic challenges of pattern recognition, variable indicator length, and price projection. Developed by the authors to overcome the specific limitations of existing technical indicators, they can be used in virtually any market—futures, commodities, stocks, indices, and mutual funds. Each new indicator is supported by step-by-step tutorials and real-world trading scenarios that illustrate the best strategies for its use, and show how to adapt it to your trading style. Now you can develop a successful, comprehensive personalized trading plan using: New momentum oscillators—the Chande momentum oscillator, stochastic RSI oscillator, variable-length dynamic momentum index—that overcome the limitations of the relative strength index Qstick, a quantitative candlestick that generates objective numbers instead of subjective patterns Linear regression analysis that quantifies trendiness, projects prices, and prompts the development of a better game plan If you need to reliably project prices under different market conditions, estimate risk on new positions, create stops to cut your losses, or plot momentum swing failures, The New Technical Trader is your first place to turn. It’s the frontline guide for developing objective consistency in your decision making and gaining a valuable edge in today’s commodities, currency, and stock markets.,

Chande, Tushar S., Kroll, Stanley