Technical Analysis

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Technical Analysis is a discipline for forecasting/predicting the direction of prices through the study of past market data, primarily price and volume.



“Technical analysis is the study of market action, primarily through the use of charts, for the purpose of forecasting future price trends”. Technical analysis is widely used among stock brokers, traders, financial analysts and financial professionals.


  • Introduction – What is Technical Analysis?
    • History of Technical Analysis
    • Definition, advantages and criticisms of technical analysis.
    • Technical Analysis as an Integral part of Market Analysis.
  • Theories in technical analysis
    • Efficient market hypothesis
    • Dow Theory Theories
    • Elliott Wave Principles
    • Fibonacci Sequence
    • Gann Analysis
    • Cycle Analysis
  • Constructing and interpreting charts
    • Types of Charts. Long-term vs. short-term
    • The construction of four types of Charts. Bar chart, line chart, point & figure chart, candlesticks chart
    • Support & Resistance levels
    • Moving Average
    • Gaps
    • Volume
    • Trend analysis, trend lines, channel lines
    • Breakout trend lines
  • Ratio Analysis
    • Percentages: Dow, Fibonacci and Gann
    • Fans, arcs
    • Retracements vs. Extensions
  • Chart formations

Trend reversal formations

    • Head and Shoulders
    • Double Tops and Double Bottoms
    • Triple Tops and Triple Bottoms
    • V-tops (spikes)
    • Rounded Tops and Rounded Bottoms (saucers)

Trend continuation formation

    • Flags, Pennant
    • Triangles, Wedges
  • Oscillators
    • Definition and role of oscillators
    • Relationship with Underlying Instrument
    • In-gear oscillators
    • Bullish and bearish divergence
    • Types of oscillators: Momentum, Rate of Change, Relative Strength Index, Stochastic, Larry Williams, MACD, Moving Average Oscillator
  • Moving averages
    • Definition, benefits, types, number and duration of moving averages
    • Double crossover
    • Japanese crosses
    • Triple crossovers
    • Envelope model
    • Bollinger and keltner bands
  • Technical analysis indicators
    • Relative strength index
    • Rate of change index (ROC)
    • Stochastic
    • Larry William
    • Moving average convergence & divergence (MACD)
    • MACD Histogram
    • Bollinger band
    • Real time computer presentation
  • Money management techniques
    • What are the different money management technicques
    • How to implement money management techniques in tradestation
    • Kelly’s criterion and implememtation of Kelly’s criterion in R
    • Tradestation: Stop loss through ATR indicator
  • Intermarket technical analysis
    • Inter market Analysis -Gold, crude, silver, DJIA, Nifty, Dollar, International Market

 Module B: Technical analysis; Indicators and candlestick patterns; Real trading

  • Tradestation I: Getting started with Tradestation. Beginner level coding.
    •  Trend Analysis, Oscillators, Moving Averages, momentum indicators
    •  Technical Theory & Technical Analysis Indicators
    •  Inter market Technical Analysis
  • Tradestation II: Medium level coding and sound knowledge of Technical Analysis (some of the practicals are listed below)
    • Money management: stop loss, percent trailing loss, profit target etc.
    • Implement a function that invests at Kelly’s fraction.
    • Code for a Indicator based on maximas and minimas
    • Code for various patterns candlestick patterns.
      • Bearish engullfing, shooting star, Hanging man, piercing pattern,Doji star, etc
    • Implement a strategy based on candlestick patterns and stochastic crossovers.
    • Implement filters, such as a) stochastic, b) CCI, c) Trends or d) Day of week at which trading has to happen.
    • Breakout strategy. I.e., how to capitalize on the rally up of the stocks

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