Cybernetic Analysis for Stocks and Futures E-Book

John F. Ehlers

• Herausgeber: John Wiley & Sons
• Kategorie: Fachliteratur
• Serie: Wiley Trading Series
• Sprache: Englisch

Seitenzahl: 132

Veröffentlichungsjahr: 2011

Beschreibung

Cutting-edge insight from the leader in trading technology In Cybernetic Analysis for Stocks and Futures, noted technical analyst John Ehlers continues to enlighten readers on the art of predicting the market based on tested systems. With application of his engineering expertise, Ehlers explains the latest, most advanced techniques that help traders predict stock and futures markets with surgical precision. Unique new indicators and automatic trading systems are described in text as well as Easy Language and EFS code. The approaches are universal and robust enough to be applied to a full range of market conditions. John F. Ehlers (Santa Barbara, CA) is President of MESA Software (www.mesasoftware.com) and has also written Rocket Science for Traders (0-471-40567-1) as well as numerous articles for Futures and Technical Analysis of Stocks & Commodities magazines.

Leseprobe

Table of Contents

Title Page

Copyright Page

Dedication

Acknowledgments

Introduction

CHAPTER 1 - The Fisher Transform

KEY POINTS TO REMEMBER

CHAPTER 2 - Trends and Cycles

KEY POINTS TO REMEMBER

CHAPTER 3 - Trading the Trend

KEY POINTS TO REMEMBER

CHAPTER 4 - Trading the Cycle

KEY POINTS TO REMEMBER

CHAPTER 5 - The CG Oscillator

KEY POINTS TO REMEMBER

CHAPTER 6 - Relative Vigor Index

KEY POINTS TO REMEMBER

CHAPTER 7 - Oscillator Comparison

KEY POINTS TO REMEMBER

CHAPTER 8 - Stochasticization and Fisherization of Indicators

KEY POINTS TO REMEMBER

CHAPTER 9 - Measuring Cycles

KEY POINTS TO REMEMBER

CHAPTER 10 - Adaptive Cycle Indicators

ADAPTIVE CYBER CYCLE

ADAPTIVE CG INDICATOR

ADAPTIVE RELATIVE VIGOR INDEX

KEY POINTS TO REMEMBER

CHAPTER 11 - The Sinewave Indicator

KEY POINTS TO REMEMBER

CHAPTER 12 - Adapting to the Trend

KEY POINTS TO REMEMBER

CHAPTER 13 - Super Smoothers

BUTTERWORTH DIGITAL FILTERS

MULTIPOLE SMOOTHING FILTERS

CHAPTER 14 - Time Warp—Without Space Travel

KEY POINTS TO REMEMBER

CHAPTER 15 - Evaluating Trading Systems

KEY POINTS TO REMEMBER

CHAPTER 16 - Leading Indicators

KEY POINTS TO REMEMBER

CHAPTER 17 - Simplifying Simple Moving Average Computations

KEY POINTS TO REMEMBER

CONCLUSION

For More Information

Notes

Index

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Copyright © 2004 by John F. Ehlers. All rights reserved.

Published by John Wiley & Sons, Inc., Hoboken, New Jersey. Published simultaneously in Canada.

No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without either the prior written permission of the Publisher, or authorization through payment of the appropriate per-copy fee to the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, 978-750-8400, fax [phone], or on the web at www.copyright.com. Requests to the Publisher for permission should be addressed to the Permissions Department, John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030, 201-748-6011, fax [phone].

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Some of the charts in this book were created using TradeStation, copyright © TradeStation Securities, Inc., 2000-2004.

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Library of Congress Cataloging-in-Publication Data:

Ehlers, John F., 1933-

Cybernetic analysis for stocks and futures : cutting-edge DSP technology to improve your trading / John F. Ehlers.

p. cm.

Includes bibliographical references.

ISBN 0-471-46307-8

1. Corporations—Valuation. 2. Chief executive officers—Rating of. 3. Investment analysis. I. Title.

HG4028.V3 E365 2004

332.63’2042—dc22

2003021212

To Elizabeth—my friend, my companion, my wife

Acknowledgments

I would like to thank Mike Burgess, Rod Hare, and Mitchell Duncan, who took time out of their busy schedules to read and critique the early manuscripts of this book. Their efforts transformed the original terse descriptions of computer code and the often rambling musings and thought processes of an engineer into a readable document having a rational flow for you, the reader.

Tools are very important in our technological age. I would like to thank TradeStation Technologies for their platform, which made the development of trading systems possible. I would also like to thank eSignal for making their platform available for indicator development and Chris Kryza for converting my code to eSignal Formula Script. Additionally, I would like to thank Steve Ward, who made the resources of NeuroShell Trader available, thus enabling readers to extend the usefulness of my indicators by using neural networks and genetic algorithms.

I would also like to thank Mike Barna for showing me how to apply the coin toss methodology to trading strategy evaluation.

J. F. E.

Introduction

“This is a synopsis of my book,” Tom said abstractly.

As Sir Arthur C. Clarke has noted, any significantly advanced technology is indistinguishable from magic. The advances made in computer technology in the past two decades have been dramatic and can qualify as nearly magical. The computer on my desk today is far more powerful than that which was available to the entire national defense system just 30 years ago. Software for traders, however, has not kept pace. Most of the trading tools available today are neither different from nor more complex than the simple pencil-and-paper calculations that can be achieved through the use of mechanical adding machines. True, these calculations are now made with blinding speed and presented in colorful and eye-grabbing displays, but the power and usefulness of the underlying procedures have not changed. If anything, the relative power of the calculations has diminished because the increased speed of information exchange and increased market capitalization have caused fundamental shifts in the technical character of the market. These shifts include increased volatility and shorter periods for the market swings.