Momentum, Direction, and Divergence (Wiley Traders Exchange)

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Integrating the latest financial insights with morethan 75 easy-to-follow graphics, Blau describes the uses andlimitations of many of today's most notable technical indicators. He then demonstrates a variety of ways in which the principles ofmomentum, direction, and divergence can be used to create aversatile new set of technical indicators or to improve theeffectiveness of the most widely used traditional indicators. Focusing on the groundbreaking double smoothing concept, whichhe introduces for the first time in this book, William Blau:.

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A complete guide to the most potent new indicators and theirapplications, Momentum, Direction, and Divergence is anindispensable resource for traders, portfolio managers, and allfinancial professionals. And for those who understand themand their applications, they are Momentum, Direction, and Divergence. A guide to the latest, most promising technical indicators andtheir applications Momentum, direction, and divergence are the three basiccomponents of nearly all technical indicators used in the analysisof stock and commodities trading.

Combining the latest financial information with dozensof eye-opening graphics, Blau clearly, concisely, and with aminimum of complex mathematics: Focusing on the groundbreaking double smoothing concept, whichhe introduces for the first time in this book, William Blau: Develops reliable new momentum indicators based on doublesmoothing techniques Shows how these indicators improve the effectiveness of mostpopular oscillators, including the RSI, MACD, and stochasticindicators, by solving a host of timing problems Combines the standard Welles Wilder techniques with hisoriginal True Strength Index to improve the effectiveness of mostdirectional movement indicators Introduces new ways of identifying divergence that makeimplementation simpler than ever And much more A complete guide to the most potent new indicators and theirapplications, Momentum, Direction, and Divergence is anindispensable resource for traders, portfolio managers, and allfinancial professionals.

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.

Momentum, Direction, and Divergence

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. 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. I found one of Blau's indicators, the TSI, while reviewing lists of indicators on an analysis platform.

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It offers some of the most timely trading signals I could find, especially compared to traditional momentum indicators like MACD. Better yet, I found other members of Blau's indicator family: These indicators have been enhanced and expanded by a number of active traders see the ECO indicators on bigmiketrading.

The book itself is pretty short and somewhat dry, filled with equations though most should be understandable by anyone comfortable with algebra. Nonetheless, the topics covered are gold, and reading the detailed text is definitely worthwhile if you'd like to explore them in depth. I also enjoyed the text, but realize it might not be for everyone. Both provide unique insight but neither has achieved a mainstream presence. One person found this helpful.

Although a bit old, a very helpful guidance for anyone interested in momentum indicators. The book is well written and provides many examples. The book discusses multiple momentum indicators and their uses, together with various momentum trading strategies i.

I recommend the book. Really clear and useful explanations of how smoothed momentum indicators are built. Nice examples of how to apply them. Glad I found this book; helps clarify a lot of things I've studied over the years and this review is from a CMT! 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: 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. And where did my previous review go? A short, to the point, mathematically somewhat advanced review of momentum, direction and divergence.

As others have mentioned, I wish it had been longer and more examples and backtesting provided, but at the time I did not have the proper software or hardware to take advantage of his brilliance. But years have passed, and newer and yes "improved" methods of analysis of data have arrived. So this book gets 5 stars for its time, but as I write this in and have had the opportunity to compare his easily programmed indicators to modern equivalents, I found the newer indicators to be more readily useful, flexible and adaptive when used with modern software packages. So I'll hesitantly knock one star off and give Blau 4 stars as of My understanding is that Mr Blau passed away several years ago, and I regret that he did not receive the credit and accolades he deserved for his work.

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