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 | | Momentum, Direction, and Divergence by William Blau ISBN-10: 0471027294 ISBN-10: 0-471-02729-4 ISBN-13: 9780471027294 ISBN-13: 978-0-471-02729-4 Hardcover 1995-03-06 Wiley Find Lowest Price |
Editorials | ||
Product Description A guide to the latest, most promising technical indicators and their applications Momentum, direction, and divergence are the three basic components of nearly all technical indicators used in the analysis of stock and commodities trading. And for those who understand them and their applications, they are also the pillars of a high-performance trading strategy. In this groundbreaking book, technical wizard William Blau schools financial professionals in all three. Combining the latest financial information with dozens of eye-opening graphics, Blau clearly, concisely, and with a minimum of complex mathematics:
MOMENTUM, DIRECTION, AND DIVERGENCE The Wiley Trader's Advantage is a series of concise, highly focused books designed to keep savvy traders in tune with the latest successful strategies and techniques used by the keenest minds in the business. In this latest volume, technical expert Bill Blau shows you how momentum, direction, and divergence form the basis of most technical indicators and how they can work for you to provide a considerable competitive advantage. Clearly, concisely, and with a minimum of complex mathematics, Blau shows you how to understand and apply them. Integrating the latest financial insights with more than 75 easy-to-follow graphics, Blau describes the uses and limitations of many of today's most notable technical indicators. He then demonstrates a variety of ways in which the principles of momentum, direction, and divergence can be used to create a versatile new set of technical indicators or to improve the effectiveness of the most widely used traditional indicators. Focusing on the groundbreaking double smoothing concept, which he introduces for the first time in this book, William Blau:
A complete guide to the most potent new indicators and their applications, Momentum, Direction, and Divergence is an indispensable resource for traders, portfolio managers, and all financial professionals. | ||
Reviews | ||
brilliance shines throughout the book. This book is a small volume. And very potent one at that. Along with Tom Demark's Duration Analysis, Blau's Slope Divergence concept is one of the brilliant ways to look at the market. This book should be studied thoroughly by ALL market technicians. | ||
Great Conceptual Book for Double Smoothed Indicators If you're a day trader with moderate success and an ability to tear apart the concepts, and Blau's basic examples, one or two of the indicators discussed could probably help you. If you're just wanting to learn more about momentum and/or double smoothed (practically any oscillating) indicators, or a neophyte, then this book is most likely over your head. The example "systems" that Blau expounds upon are a great basic start to good systems, and he tells you flat out that they're not complete, but just example-type systems. But I'll tell you this: The basic, incomplete systems in this book are a heck of a lot better than a huge majority of those "magic bullet" "get rich overnight" systems that cost three and more times the amount of this book! There is no magic bullet, but this book is a lot closer to making you into the magic bullet than most others. If you're a beginner and don't have a powerhouse charting platform like e-Signal or TradeStation, I would suggest waiting to get this book (but definitely put it on your Wish List). If you already have the dedication, some experience, and something like e-Signal or TradeStation, then just fork out the money and get it. You should not be disappointed if you can actually read and apply information exactly as given, and are not expecting to receive that which does not exist, the magic bullet. Very strong foundation building book. One more thing: Please don't expect that you will thoroughly understand the concepts with only one reading. The ideas Blau presents are fairly advanced (high intermediate level) and do take some personal evaluation, which will take time. I believe that this is a book that you will want to read at least once a month for the first six months, then at least once a year thereafter. | ||
A great discussion of momentum This is a book about momentum. It will show you what momentum is and how to interpret it. There are several vey unique indicators developped in a masterful way. You will get many new ideas, and should be able to improve your use of these indicators, and make better interpretation of other mainstream momentum indicators. You will understand smoothing and lag. A must read for any technician. | ||
Not impressed I thought this book was very short to begin with (only 104 pages of actual text, plus some small apendixes)...hardly worth $42 for a small amount of text. It's also very old (written in 1995). The content which is in the book is very difficult to apply because you really need a research tool (like tradestation) to apply these ideas. Numerous ideas in earlier chapters are brought back in later chapters and you have to go back and re-read to see what each indicator meant. I think all in all he just applies his idea of double smoothing to filter out misleading chart data....nothing revolutionary, and hardly worth the price. Also, as odd as this may seem, with all the math involved, 90% of the charts which he derives from these mathematical formulas look exactly like a line chart of the security! If you have access to tradestation, this book is worthwhile if you put the time into understanding all the concepts involved. | ||
EXTREMELY great book OK where did my previous review of this book go? I wrote it months ago was it lost? Can't be bothered writing the whole thing again, so in summary: it is an excellent book, picks a main concept of smoothing and constructs some excellent indicators, and many different ones, has great ideas, inspires great ideas, has code / formulas you name it, extremely worthwhile for anyone who is serious and capable of putting these things into use. That means constructing them and understanding them. Some reviewers seem disappointed ... I suspect some people think "momentum" is some magic bullet that will get them into a stock before it moves, other reviewers are arguing definitions, all I can say is that when I first got hold of this book I took a look and did not really like it, but after working my way through it found it to be truly a gem. Very worthwhile. And where did my previous review go? grrrr | ||