The book is most famous for debuting several "classic" tools that revolutionized how traders quantify market movement:

: A momentum oscillator used to identify overbought (>70) or oversold (<30) conditions by measuring the speed and change of price movements.

: A volatility indicator that accounts for price gaps between periods. It is now a fundamental component of modern risk management and position sizing.

: Wilder focused on creating rules-based systems to remove human emotion and subjective interpretation from trading decisions.

: The introduction of ATR provided a mathematical way to adjust position sizes and stop-losses based on current market volatility. New Concepts in Technical Trading Systems - Amazon.in

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