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Zane,
There are two absolutes in every security each trading day:
Price (O,H,L,C,) and Volume. Everything else is a derivative. Perhaps
you will find what you want if you studied the two absolutes and their
relationships. When you cease looking for the "Holy Grail" and begin
studying the market---it's moods, it's manner, it's tendencies---then
you will have an understanding of the market and will be able to trade
it with confidence and success. Otherwise, you will have to find or
develop an indicator that will reflect what price and volume are doing
so that the indicator will return a buy, sell, stay out value. To study
the Wyckoff method is an example of understanding the markets
"language".
Al Taglavore
diamond wrote:
>
> I am looking for a book that will give me a *complete understanding* of
> technical indicators. TECHNICAL ANALYSIS FROM A TO Z is fine, but it does
> not go into depth on each indicator. I want a over all comparison of
> indicators, their uses, their strengths and weaknesses, etc. My MetaStock
> has so many indicators, it's confusing. Take for example volume. Do I use
> ROC, OBV, Volume Oscillator, PVT??? I have looked and tried all of these,
> but I still don't know which one is for what market, or what they are best
> or worst for. Which ones work best in a trending market? Which ones work
> best in a trading market? How much weight should you put on their signals
> under what conditions? And, it's not just volume I am talking about. I want
> to learn the uses off all indicators in my MetaStock
>
> Are there any books that cover such a subject? It so, please post.
>
> Thank You
> Zane Kori
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