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Technical Analysis

Technical Analysis

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Published by Merlin Pit

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Categories:Types, Business/Law
Published by: Merlin Pit on Sep 30, 2011
Copyright:Attribution Non-commercial

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07/18/2015

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An indicator is a mathematical calculation that can be applied to a security's price and/or
volume fields. The result is a value that is used to anticipate future changes in prices.

A moving average fits this definition of an indicator: it is a calculation that can be
performed on a security's price to yield a value that can be used to anticipate future
changes in prices.

The following chapters (see page ) contain numerous examples of indicators. I'll briefly
review one simple indicator here, the Moving Average Convergence Divergence
(MACD).

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