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A gentle introduction to Technical Analysis.
Have you ever seen one of those complicated charts with so many lines and shapes that seemed too fancy and some sort of rocket science? Well, it turns out that these are actually the simplest means to analyze markets. Anyone can understand the displays given several minutes of explanations, but the trick is, how to use them properly? and how to develop new strategies? Technical analysis in layman’s terms is when you look at a chart, add some lines and calculations to it and try to project the future direction of the price, it is what retail brokers are promoting in their marketing techniques. It assumes that all you need for the future is historical data.
I have just published a new book after the success of New Technical Indicators in Python. It features a more complete description and addition of complex trading strategies with a Github page dedicated to the continuously updated code. If you feel that this interests you, feel free to visit the below link, or if you prefer to buy the PDF version, you could contact me on Linkedin.
Among other assumptions, technical analysis suggests that markets are not efficient (thus the ability to project the future from the past). The market efficiency hypothesis is the technical analyst’s greatest enemy as…
