A framework for creating volatility-based technical analysis and trading it for profit Volatility-Based Technical Analysis bridges the advantage gap between resource rich institutions and individual traders. It is a no-calculus, plain-English text that reveals original, highly technical, mathematical-based volatility indicators, complete with MetaStock(r) and TradeStation(r) code. With this in hand, any trader can "trade the invisible" by seeing a hidden mathematical structure on the price chart. Author Kirk Northington reveals his proprietary volatility indicators that serve as a market early…mehr
A framework for creating volatility-based technical analysis and trading it for profit Volatility-Based Technical Analysis bridges the advantage gap between resource rich institutions and individual traders. It is a no-calculus, plain-English text that reveals original, highly technical, mathematical-based volatility indicators, complete with MetaStock(r) and TradeStation(r) code. With this in hand, any trader can "trade the invisible" by seeing a hidden mathematical structure on the price chart. Author Kirk Northington reveals his proprietary volatility indicators that serve as a market early warning system. Northington extensively teaches you how to build your own indicators, test them, and incorporate your original components into your specific trading methods. * Walks traders through the mathematical techniques needed to create indicators that fit their own style * Illustrates volatility-based entries and exits with over 170 descriptive chart examples * Introduces two new concepts in technical analysis: Volatility Shift and PIV Written with the serious trader in mind, Volatility-Based Technical Analysis has what you need to successfully trade today's institutionally dominated markets.Hinweis: Dieser Artikel kann nur an eine deutsche Lieferadresse ausgeliefert werden.
KIRK NORTHINGTON is the President of Northington Trading, LLC, a developer of technical analysis systems based on adaptive volatility for swing trading. The company's flagship software product, MetaSwing, is an add-on toolkit for users of MetaStock technical analysis software. In addition to system design, Northington Trading trades stocks on the NYSE and NASDAQ exchanges. Kirk has previously held positions in several Fortune 500 companies, with experience in engineering, digital control system design, and project management.
Inhaltsangabe
Preface xiii Intended Audience xiv What's Inside? xiv Acknowledgments xvii PART ONE Are You Prepared? 1 CHAPTER 1 The Challenges 3 The Brain Power 4 The Horse Power 6 Options and VaR Ascendancy 7 Rain Clouds or Urine? 10 News Folly 12 Eyes on the Goal 13 CHAPTER 2 The Opportunities 15 Choose Your Battles 16 Take the Offensive 17 Prepare and Perform 26 Quiet the Noise 29 Opportunities Outnumber Challenges 30 CHAPTER 3 The Foundation: Preparations for Exploring Volatility-Based Technical Analysis 31 The Preparations Needed 32 Trading the Invisible Indicators: Original Development 33 Tenets of Volatility-Based Technical Analysis 34 Component Testing 40 MetaSwing QuickStart 40 Discover by Doing 51 PART TWO Seeing the Invisible 53 CHAPTER 4 New Volatility Indicator Design 55 Volatility Unmasked 56 Standard Deviation 57 Example: Volatility-Based Support and Resistance 61 Average True Range 66 Molding a Volatility-Based Indicator 69 The Whole Picture 83 Building Blocks 86 CHAPTER 5 Integrated Volatility Indicator Design 87 Volatility Pointed Forward 87 Projected Implied Volatility 90 More from the Math Toolbox 101 Using Tools to Leverage TTI ATR Extreme 107 Development Efficiency 114 Inventing Wheels: You're Not Alone 115 Onward 126 CHAPTER 6 The Framework: A Structural Approach for Cross-Verification 127 Adopting a Structure 128 Think and See Volatility 129 The Framework Components 141 Constructing a Compound Derivative 146 The Framework 156 Going Forward 161 CHAPTER 7 Traditional Technical Analysis: What Works, What Doesn't, and Why 162 Line Studies 163 Chart Patterns 173 Oscillators 185 Choose the Best 198 PART THREE Trading the Invisible 199 CHAPTER 8 Bull Bear Phase Prediction: The Intermediate and Short-Term Market Swing 201 Why Swing with the Market? 202 Intermediate-Term Market Direction 204 Short-Term Market Swing 211 Seek the Advantage 223 CHAPTER 9 Trading the Short-Term Reversal with Volatility-Based Technical Analysis-The Adeo 224 The Adeo Point 225 The Adeo Trend Rally 232 The Meandering Adeo 236 The Adeo Short 240 Adeo and FOREX 245 The Fractal Adeo 246 Open Your Can of Spinach 249 CHAPTER 10 Trading the Trend with the 1-2-3 250 Rectangles Everywhere 251 The Traditional Approach 253 The 1-2-3 Construct 254 The Daily 1-2-3 259 The Weekly 1-2-3 263 The 1-2-3: Inside and Outside 269 As Simple as 1-2-3 279 CHAPTER 11 Hidden Momentum with Adeo High Slope 280 We Are Experiencing Technical Difficulties; Please Stand By 281 Momentum Hide and Go Seek 283 Momentum Found 289 The Quick and the Broke 303 CHAPTER 12 Designing the Exit 305 The Objective: Optimize the Profit Target 306 Using Time Slicing to Understand Your Time Frame 310 Fifth-Grade Arithmetic 312 Exit Tactics 315 Achieving the Objective 331 CHAPTER 13 Correction and Surge: An Early Warning System 333 Market Breadth 334 The Correction Event 338 The Surge Event 348 The Best Free Advice 355 CHAPTER 14 Trading System Design: Detecting the Invisible 356 Seeing through the Fog of War 357 Nail It Down: Recognize the Specifics 358 The Importance of Believing 359 System Design Structure 360 System Design Tactics 365 Ask the Questions and Use the Advantages 382 APPENDIX A TradeStation Examples and Easy Language Code 384 Average True Range 384 The TTI ATR Extreme 386 The TTI Stochastic Extreme 393 The TTI Fabric LR 399 The TTI Trend Strength 403 The TTI RSIV 405 The TTI Composite 409 The Relative Exit 412 Correction and Surge 420 MetaSwing for TradeStation 423 APPENDIX B The PIV Options Advantage: Using Projected Implied Volatility to Trade the Butterfly,Condor, Strangle, and Straddle 427 PIV for the Butterfly and Condor 427 PIV for the Strangle and Straddle 436 PIV for Option Spreads 440 APPENDIX C About the Companion Web Site 441 Notes 443 About the Author 447 A Special Offer from MetaStock 449 Index 451
Preface xiii Intended Audience xiv What's Inside? xiv Acknowledgments xvii PART ONE Are You Prepared? 1 CHAPTER 1 The Challenges 3 The Brain Power 4 The Horse Power 6 Options and VaR Ascendancy 7 Rain Clouds or Urine? 10 News Folly 12 Eyes on the Goal 13 CHAPTER 2 The Opportunities 15 Choose Your Battles 16 Take the Offensive 17 Prepare and Perform 26 Quiet the Noise 29 Opportunities Outnumber Challenges 30 CHAPTER 3 The Foundation: Preparations for Exploring Volatility-Based Technical Analysis 31 The Preparations Needed 32 Trading the Invisible Indicators: Original Development 33 Tenets of Volatility-Based Technical Analysis 34 Component Testing 40 MetaSwing QuickStart 40 Discover by Doing 51 PART TWO Seeing the Invisible 53 CHAPTER 4 New Volatility Indicator Design 55 Volatility Unmasked 56 Standard Deviation 57 Example: Volatility-Based Support and Resistance 61 Average True Range 66 Molding a Volatility-Based Indicator 69 The Whole Picture 83 Building Blocks 86 CHAPTER 5 Integrated Volatility Indicator Design 87 Volatility Pointed Forward 87 Projected Implied Volatility 90 More from the Math Toolbox 101 Using Tools to Leverage TTI ATR Extreme 107 Development Efficiency 114 Inventing Wheels: You're Not Alone 115 Onward 126 CHAPTER 6 The Framework: A Structural Approach for Cross-Verification 127 Adopting a Structure 128 Think and See Volatility 129 The Framework Components 141 Constructing a Compound Derivative 146 The Framework 156 Going Forward 161 CHAPTER 7 Traditional Technical Analysis: What Works, What Doesn't, and Why 162 Line Studies 163 Chart Patterns 173 Oscillators 185 Choose the Best 198 PART THREE Trading the Invisible 199 CHAPTER 8 Bull Bear Phase Prediction: The Intermediate and Short-Term Market Swing 201 Why Swing with the Market? 202 Intermediate-Term Market Direction 204 Short-Term Market Swing 211 Seek the Advantage 223 CHAPTER 9 Trading the Short-Term Reversal with Volatility-Based Technical Analysis-The Adeo 224 The Adeo Point 225 The Adeo Trend Rally 232 The Meandering Adeo 236 The Adeo Short 240 Adeo and FOREX 245 The Fractal Adeo 246 Open Your Can of Spinach 249 CHAPTER 10 Trading the Trend with the 1-2-3 250 Rectangles Everywhere 251 The Traditional Approach 253 The 1-2-3 Construct 254 The Daily 1-2-3 259 The Weekly 1-2-3 263 The 1-2-3: Inside and Outside 269 As Simple as 1-2-3 279 CHAPTER 11 Hidden Momentum with Adeo High Slope 280 We Are Experiencing Technical Difficulties; Please Stand By 281 Momentum Hide and Go Seek 283 Momentum Found 289 The Quick and the Broke 303 CHAPTER 12 Designing the Exit 305 The Objective: Optimize the Profit Target 306 Using Time Slicing to Understand Your Time Frame 310 Fifth-Grade Arithmetic 312 Exit Tactics 315 Achieving the Objective 331 CHAPTER 13 Correction and Surge: An Early Warning System 333 Market Breadth 334 The Correction Event 338 The Surge Event 348 The Best Free Advice 355 CHAPTER 14 Trading System Design: Detecting the Invisible 356 Seeing through the Fog of War 357 Nail It Down: Recognize the Specifics 358 The Importance of Believing 359 System Design Structure 360 System Design Tactics 365 Ask the Questions and Use the Advantages 382 APPENDIX A TradeStation Examples and Easy Language Code 384 Average True Range 384 The TTI ATR Extreme 386 The TTI Stochastic Extreme 393 The TTI Fabric LR 399 The TTI Trend Strength 403 The TTI RSIV 405 The TTI Composite 409 The Relative Exit 412 Correction and Surge 420 MetaSwing for TradeStation 423 APPENDIX B The PIV Options Advantage: Using Projected Implied Volatility to Trade the Butterfly,Condor, Strangle, and Straddle 427 PIV for the Butterfly and Condor 427 PIV for the Strangle and Straddle 436 PIV for Option Spreads 440 APPENDIX C About the Companion Web Site 441 Notes 443 About the Author 447 A Special Offer from MetaStock 449 Index 451
Rezensionen
"While the book is written in an easy to understand style, Northington realizes that not every trader is a programmer. For that reason, he includes the MetaStock(r) and TradeStation(r) code for the original, volatility-based indicators that he presents in the book. With these examples in hand, any trader can apply the concepts which are explained in rich detail. Northington's goal seems to be to teach the reader how to build indicators based upon unique market insights; test the indicators on a stand-alone basis; and incorporate meaningful indicators into trading methods that suit a trader's personality. In doing so, he also provides a ready-to-go trading system that can be applied with days of beginning the book." (Market Technicians Association Technically Speaking, September 2009)
"Northington presents a credible framework for trading volatile markets. His creativity and advocacy merit attention. New and advanced traders alike will benefit from grasping these concepts." --SFO Magazine
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