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Synopsis: Evidence-Based Technical Analysis examines how you can apply the scientific method, and recently developed statistical tests, to determine the true effectiveness of technical trading signals. Throughout the book, expert David Aronson provides you with comprehensive coverage of this new methodology, which is specifically designed for evaluating the performance of rules/signals that are discovered by data mining.
From the Back Cover:
"Professor Aronson has done yeoman's work incorporating established statistical practices into the analysis and interpretation of technical analysis and other market theories. I can say without qualification that this book should be in every serious market practitioner's collection."
—Victor Niederhoffer, Chief Speculator, Manchester Partners author of The Education of a Speculator and Practical Speculation
As an approach to research, technical analysis has suffered because it is a "discipline" practiced without discipline. In order for technical analysis to deliver useful knowledge that can be applied to trading, it must evolve into a rigorous observational science.
Over the past two decades, numerous articles in respected academic journals have approached technical analysis in a scientifically rigorous and intellectually honest manner, and now, Evidence-Based Technical Analysis looks to continue down this path. Organized into two parts, this valuable resource first establishes the methodological, philosophical, and statistical foundations of evidenced-based technical analysis (EBTA), and then demonstrates this approach—by using twenty-five years of historical data to test 6,400 binary buy/sell rules on the S&P 500.
Evidence-Based Technical Analysis examines how you can apply the scientific method, and recently developed statistical tests, to determine the true effectiveness of technical trading signals. Throughout these pages, expert David Aronson details this new type of technical analysis that—unlike traditional technical analysis—is restricted to objective rules, whose historical profitability can be quantified and scrutinized.
Filled with in-depth insights and practical advice, Evidence-Based Technical Analysis provides you with comprehensive coverage of this new methodology, which is specifically designed for evaluating the performance of rules/signals that are discovered by data mining. Experimental results presented in the book will show you that data mining—a process in which many rules are back-tested and the best performing rules are selected—is an effective procedure for discovering useful rules/signals. However, since the historical performance of the rules/signals discovered by data mining are upwardly biased, new statistical tests are required to make reasonable inferences about future profitability. Two such tests, one of which has never been discussed anywhere heretofore, are described and illustrated.
If you want to use technical analysis to navigate today's markets, you must first abandon the subjective, interpretive methods traditionally associated with this discipline, and embrace an approach that is scientifically and statistically valid. Grounded in objective observation and statistical inference, EBTA is the approach to technical analysis you need to succeed in your trading endeavors.
Title: Evidence-Based Technical Analysis: Applying ...
Publisher: John Wiley and Sons
Book Condition: New
Book Description John Wiley, 2007. First Edition. Near Fine book in a Very Good dust jacket. Seller Inventory # 041708
Book Description Wiley, 2006. Hardcover. Condition: Good. Few pages shows some highlighting. Seller Inventory # mon0001874413
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Book Description Wiley, 2006. Hardcover. Condition: Good. Item may show signs of shelf wear. Pages may include limited notes and highlighting. May include supplemental or companion materials if applicable. Access codes may or may not work. Connecting readers since 1972. Customer service is our top priority. Seller Inventory # mon0001567961
Book Description Wiley. Hardcover. Condition: Good. 0470008741 Binding solid, pages crisp and clean, no markings found. Dust jacket bright and shiny with light scuffs and dents. Extremities lightly bumped with creased board corner, softened but lays flat. Seller Inventory # SKU1012572
Book Description Wiley, 2006. Hardcover. Condition: Fine. Dust Jacket Condition: Near Fine. Nice Firm Clean copy ! 528 pages. Seller Inventory # 121784
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