Technical Analysis

• 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