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on June 29, 1998
Discusses interesting twists on traditional indicators, such as Stochastic RSI which combines concepts from the Stochastic and the RSI, or Qstick, which quantifies the candlestick approach. If you're the math-innovative-type, this book can really stimulate your imagination to further develop your own indicators. The presentation, though clear in most parts, contains some vague paragraphs which make no sense without prior background in the material. I wouldn't recommend this as a first book on technical analysis (if that's what you're looking for, try Technical Analysis from A to Z by Achelis). However, once past the basics, this is what you need if you're planning to dig deeper and get more serious. I warn you though that all the colorful promises (exemplified by only one example in most cases) as to how much better these indicators are may not hold in general. However, they do contain some very important concepts needed to refine the standard technical indicators and can serve as a springboard for new ideas.
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on August 14, 1999
This is a decent book. However, I really do not see what great advantage StochRSI and VHF can present the prospective reader. Both of these indicators are very jumpy, so you do get a headstart but at what cost? Slower indicators on the other hand get you in later usually towards the middle or the end of a move. Each has it's own advantage and disadvantage. Though it is important to remember that consistency is what works in the long run. I will say that Mr.Chande seems like a respectable writer. This is much more than I can say for the vast majority of authors out there. One last thing, trading is not about having the latest indicators. Trading consists of three equally important parts; methodology, pyschology and risk managment. If you are missing one you will surely fail over the long run. This book consists primarily of methodology but it is not too different from most of the material already out there.
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on July 19, 2001
There are some new ideas about indicators in this book. I haven't test whether they can beat the old indicators. The authors also could not give such a test. But if you are a creative technician, you can learn how to create new indicators yourself. I did it. It was an interesting process but might not be profitable! It would be better if this book could have a CDROM that contains all the formula in Metastock, Excel or Tradestation formats.
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on July 14, 2012
A very technical, mathematical book written by accomplished authors.

However, their trieste on the "Chande Momentum Oscillator" will certainly give you insight to forthcoming market change in direction. The divergence between the CMO and prices will almost always be a harbinger of the reversal to come!
Benvincent
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on November 9, 1998
This book is very interesting and bebeficial to technical analysis on stock market. His new indicators work very well. Especially stochRSI, I use it major market indicator to predict market price. Very good contribution!
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on December 28, 2000
This book gave me some new ideas about TA indicators. Although they may not beat all those old indicators, it is still useful to look at TA from other angles.
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on April 26, 2016
A little difference!
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on June 17, 1997
A thoroughgoing understanding of a variety of cutting edge indicators is imparted to the reader from the math, statistical and conceptualpoints of view. The indicators and risk management techniques presented provide a complete (though not comprehensive) set of trading tools. State of the art
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on May 18, 2010
A very good book. Details several strategies, risk control and money management methods used by professional traders
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on March 2, 1999
I would be most grateful if Amazon can forward this message to the author:
Your book was just great. However, as I do not know how to write the formula by my Supercharts 4.0 (end of day), I just felt: I've got such a powerful weapon but what a pretty that I don't know how to operate!
So, I wonder if you could kind enough to let me know the formula (by Supercharts) of all the indicators introduced in your book.
Best regards! Looking forward to your reply soon. Thank you so much!
Omni
(Amazon doesn't need to put this message in the review)
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