TECH TALK

Barry Burns

Technical Analysis Indicators Are Never Wrong

By Barry Burns, TopDogTrading.com


This brief tutorial demonstrates why charting indicators are always right, which has the tremendous benefit of allowing you to use them to create an objective, rule-based trading method. Why is this? Because indicators are not subjective, they are based on mathematical formulas. Math doesn't fudge outcomes - the same formulas will always generate the same results.

Some traders don't use indicators because most are lagging in their nature. While there is some truth to that, it's not the whole truth. If a trader focuses on price bars only, they are also lagging, because your trading assumptions are based on previously posted data.


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The lesson in this video shows how to create an objective, rule-based trading method with a rarely used (but highly effective) indicator that helps you determine if the market is in a weak trend (which would stop you out) or a strong trend (which will follow through in your favor). 

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ABOUT THE AUTHOR

Barry Burns

Author: Dr. Barry Burns
Company: Top Dog Trading
Website: TopDogTrading.com
Services Offered: Trading Education, Free Videos, Books
Markets Covered: Stocks, Options, Futures

Barry Burns is the founder and CEO of TopDogTrading.com. He is the author of Trend Trading For Dummies.He is also a regular presenter and contributor for several exchanges, including the CME Group and Eurex, as well as the author of Top Dog Trading 5 Energy Methodology Plug-in for MetaStock.‚Äč