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113 of 115 people found the following review helpful
Format:Hardcover|Amazon Verified Purchase
Parabolic SAR, Relative Strength Index, Directional Movement Index (ADX) -- developing even just one of these would constitute an important contribution to technical analysis. Yet all of these popularly followed indicators and more were the work of this one man and were first popularized in this single 1978 classic.
But this book merits more than mere admiration. For traders looking for carefully presented formulas, clear discussions of their logic, and helpful discussion of indicators' interpretation straight from the horse's mouth, this book is a great asset.
I would acknowledge that for discretionary traders who do little if any backtesting or who pay no more than scant attention to indicators other than price, volume, and maybe some moving averages, this book probably won't hit your hot button.
But as a systems trader, I'm especially appreciative, since nowhere have I found a better or more authoritative discussion of ADX and ADXR, two especially potent indicators whose multi-stage calculations haven't been consistently represented in various secondary sources I've examined.
Finally, for traders who tend to enjoy tinkering with the development of their own novel indicators, Wilder's discussions of his conceptual starting points in developing each of his indicators will probably prove very stimulating.
31 of 35 people found the following review helpful
By A Customer
Format:Hardcover
You'd have to appreciate that nearly every method or tool in this book is almost common knowledge. RSI, ADX, DMI, Parabolic, volatility breakouts, pivot point reversals and so forth are all commonly used nowadays. However, back in 1978 when it was hand calculated and charted.. Wilder probably had no idea how revolutionary his work has become.
13 of 14 people found the following review helpful
Format:Hardcover|Amazon Verified Purchase
I bought this book mostly for the Directional Movement System. I have been trying to figure out the best way to use this system for some time, and could not get a handle on how to effectively trade with it. I found the explanation of the way the system is constructed to be very helpful. There is not a lot of text explaining how to use the different systems. but,if you understand the concept of what is being measured and how the indicator got there, the rules of applying the system is quite easy. Only time will tell if I am on the right track, but today I feel more confident when making a decision on when to take a position.
Most Recent Customer Reviews
4.0 out of 5 stars
Pretty good over-view of technical analysis.
It covers the usual stuff about data intepretation, but goes on to give the capability to generate your own analysis.
Published 1 month ago by Ernest A. Finocchio
4.0 out of 5 stars
Good technical trading foundation
Not all the systems in the book will guarantee you money, but the addition of a few indicators to the toolbelt is welcome, and a good explanation of how they work helped me to gain... Read more
Published 1 month ago by David H
5.0 out of 5 stars
Superb Classic Book on Trading Systems
This classic trading-systems book is superb and unique - it is for those who know, or want to know, the important details of trading systems (admittedly, few traders have the goal... Read more
Published on January 10, 2011 by James Kowalick
5.0 out of 5 stars
I keep this volume handy for reference
As a graduate student of beginning, intermediate, and advanced statistics in the 1960s, I became quite familiar with rotary calculators. Read more
Published on December 12, 2009 by John M. Lowe
5.0 out of 5 stars
New Concepts in Technical Trading Systems
As a CPA who wants to understand stock trading systems and set up stock trading systems. I found this book to be one of the best I have ever read. Read more
Published on May 1, 2009 by Russell A. Siegfried
5.0 out of 5 stars
An investment classic
New Concepts in Technical Trading Systems, written in 1978 by Welles Wilder was- and still is- a landmark book in the field of Technical Analysis. Read more
Published on April 14, 2009 by David Wilder
5.0 out of 5 stars
New Concepts in Technical Trading Systems
Although written in the laste 1970's this text is well written and presented and presents some complex mathematical indicators for stock trading in a very simple and easily... Read more
Published on January 26, 2009 by William H. Swan
3.0 out of 5 stars
Best sell-by date has passed
This book contains the indicators that has made Wilder famous; RSI, ADX, parabolic stops, and a few others. Read more
Published on December 4, 2008 by Jackal
1.0 out of 5 stars
Shhhh! Please don't tell anyone!
I was first introduced to this book in 1983. I didn't merely read this book, I absorbed it.
I learned that doing the mathematics was only the beginning. Read more
I learned that doing the mathematics was only the beginning. Read more
Published on September 16, 2008 by Big Pecs 8
4.0 out of 5 stars
New Concepts in Technical Trading Systems
I have been purchasing books on trading for many years and recently it was suggested that I could find more detail on the RSI in Wilder's book so I purchased it. Read more
Published on July 25, 2008 by M. Kellogg
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