Technical analysis I

1  2  3  4  5  6  7  8  9  10  11  12  13  14  15  16  17  18  19  20   

19. Software for technical analysis

In the last five years, the software available to private investors has improved massively in power and functionality to the extent that you now have access to the same analytical tools as professionals.

Systems can be bought for between £500 and £1,500 and run on standard home PCs. Depending on which one you buy, you will get:

• historical price and volume data for FTSE companies
• charting functions that allow you to view the data for any company as a line chart, bar chart, point and figure, or other type of chart
• the ability to draw lines on the charts and perform 'what if?' scenarios.
• real or delayed price feeds
• portfolio management

The systems are easy to use and flexible. You set the parameters, the software presents the data, and you make the decisions.

1. What is technical analysis? 2. Technical analysis compared to fundamental analysis 3. What technical analysis is not 4. Dow Theory 5. Price data 6. Volume data 7. Line charts 8. Bar charts 9. Volume charts 10. Point and figure charts 11. Other types of chart 12. Trends - the basics 13. Simple trend lines 14. Making money from trend lines 15. Trend channels 16. Support and Resistance 17. Breakouts 18. Is technical analysis for you? 19. Software for technical analysis 20. Conclusion

• Technical Analysis
• Technical Analysis Plain and Simple
• Technical Analysis of the Financial Markets
• Martin Pring's Introduction to Technical Analysis