By Welles Wilder®
Already a legend in its own time, the orginal source for the: Directional Movement, Parabolic Time/Price, RSI (Relative Strength Index), Volatility Movement, ADX and others.
First there were the masters – Dow, Gann, Elliott. Each advanced our knowledge of technical analysis. Then there was a quantum leap. The leap occurred in 1978 when J. Welles Wilder Jr. published the book, New Concepts in Technical Trading Systems.
In this book, Wilder published six technical trading systems. The three considered to be the most significant were the Directional Movement Index, the Parabolic Stop and Reverse and the Relative Strength Index (RSI). Writing this book established Wilder's reputation as one of the world’s leading technical analysts.
The concepts are defined and explained, then expanded with reason and logic into basic definitive treading systems which give exact entry and exit points for trading the markets. Fully illustrated with how-to diagrams, worksheets and charts, this book will be an invaluable asset to any market trader.
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