by Mark Etzkorn
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Product Description
The first new book in a generation to focus on the practical applications of trading with oscillators
Oscillators are an essential group of indicators that futures, options, and stock traders have embraced to reveal turning points in flat markets. In this pioneering book, Mark Etzkorn, Associate Editor of Futures magazine, comprehensively discusses the purposes and uses of such important oscillators as stochastic, momentum, Elder-Ray, Williams %R, among many others, then focuses on Relative Strength Index (RSI), one of today's most popular oscillators. Etzkorn reveals how RSI measures the internal strength of a security, how to calculate it, and how to use it to make better decisions about accepting or rejecting particular market signals. Moreover, he demonstrates how investors can adapt, modify, and apply RSI across different market conditions and time periods, and combine it with other indicators, including Contrary Application and Tom De Mark's concept of duration.
MARK ETZKORN (Chicago, Illinois) is Senior Editor of Futures magazine, where he focuses on technical analysis and trading software. He has worked in the futures and options industry as a trader and broker at the Chicago Mercantile Exchange and The Board of Trade Clearing Corporation.
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Average Customer Review:
0 of 0 people found the following review helpful:
 One particular idea in the book is well worth the price of the book, 2007-10-22
Until I'd read this book, I'd never heard of 'Phantom Divergence' mentioned in any other trading literatures. This market idea may open up a completely brand new perspective on Divergence as a valuable directional signal in market.
5 of 6 people found the following review helpful:
 College work, not for traders, 2001-12-13
This book is like a college work, it's not for traders. It has a lot of tests, and says a lot about why not to use oscilators. But in the end is the feeling that this book was made for a college lecture, not for discussion with traders. Don't waste your money, nothing can be learned from this book.
7 of 7 people found the following review helpful:
 A Simple Collection, 2000-09-18
This book is not "a breakthrough" about oscillators, but a simple collection of some indicators. It lacks the intellectual depth of the book, "Trading for a Living," by Dr. Alexander Elder. In the middle of the book, the author presented others' tests on some popular oscillators and the conclusion is indeed ugly for any "meaningful" usage of any oscillators, but the author had to acknowledge numerous times in the book that the oscillators do pinpoint the extremes of underlying markets quite well. The reader is then left wondering what has been gone wrong. The author does not offer any deeper insight than the plain facts. In fact, it is not the oscillators' fault, but the people use and test them in the wrong way. The later half of the book is even more disappointing. The author just briefly outlined some new ideas and innovations, but never gave any test results. You might wonder why? The author clearly has the backtesting tools in his hands, TradeStation by Omega Research. He could have just run a few model tests on S&P500 or some other indexes and shown those results in his book, but he never did so. Should readers use those new indicators or not? The author did not answer directly to this question, but used the old testing results of some other indicators to conclude his book, "The evidence suggests oscillators function better as discretionary or forecasting tools than as the foundation for systematic trading strategies." Overall, this book has some value to educate the general readers and introduce the ideas of momentum-based indicators, but fall short of the promise in its title, "Trading with Oscillators."
3 of 3 people found the following review helpful:
 much needed specialized review, 2000-03-16
I was the type of person whom the author describes as familiar on a superficial level with oscillators and their use in trading. This book took me to a deeper level. Lots of good stuff and depth. The author is not shy in documenting oscillators weak-points either, so it's not just a market cheerleading book. Kind of overpriced for a pretty thin paperback, but I'm not sorry I bought it.
4 of 5 people found the following review helpful:
A short and educational book in plain-english, 2000-01-07
Lots of information on lots of technical tools, all in plain-english. This is required-reading for any investor who wants to understand oscillators.
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