Indicators are at the very heart of Technical Analysis. They take price and volume data and package it into useful guides to the markets. This article will show you how you can calculate technical indicators.
Some indicators confirm the market trend, and others show momentum. We use indicators to compare different markets, make trade entries and take profits.
Learning the internal workings of technical indicators is a fascinating process for traders and investors. It gives you a deeper understanding of what the indicators are saying and how this relates to trading the markets.
eBook – How to Calculate 21 Technical Indicators Using Excel
Learning to calculate technical indicators will let you understand and interpret them. It will help you to improve your trading and investment strategies.
In this eBook, I show how anyone can calculate their favourite indicators. I go through the calculations step by step. You will be amazed at how quickly you can calculate the indicators.
Following the steps in the book, you will be able to combine different indicators and even create your own indicators. By going through the book, you will also improve your Excel skills.
What Indicators are Included?
The book contains 21 of the most popular indicators. Included are
- Oscillators like MACD and RSI
- Trend following indicators like the SuperTrend and PSAR
- Support and resistance indicators like Pivot Points and Fractals
- Japanese candlestick patterns including the Doji and Engulfing pattern
The book also has many tips and ideas for how to use each indicator.
The book comes with a spreadsheet including all the indicator calculations. You can use the spreadsheet straight away to analyse historical price data and backtest your trading systems. The spreadsheet is in Excel format but you can open it in all the main spreadsheet programs.
You can also buy the spreadsheet directly: 21 Technical Indicators.
The book is available in the Kindle Store. Kindle books can be read on Smartphones, Tablets and Computers.
PC users can use the Free Kindle App. Mac users can use Kindle for Mac.
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