Author John Ehlers sums up his book perfectly in saying, "Truth and
science triumph over ignorance and superstition." Rocket Science for
Traders adapts digital signal processing techniques from the physical
sciences for use in the field of trading. This thorough guide develops
unique indicators to view the market from a new perspective and will
help you expand the use of traditional indicators to achieve more
precise computations.
As one of the first technical analysts to apply digital signal analysis
to the markets, Ehlers brings the expertise, knowledge, and vision of
this method to light in a way that nobody else can. An introduction to
the science of digital signal analysis is quickly followed by an
explanation of the two main "modes" of the market: Trend and Cycle, plus
what tools to use while trading in these modes. From there, you'll
learn about the moving averages most commonly used by traders,
properties of momentum functions, and other important aspects of using
digital signal processing techniques to trade.
Rocket Science for Traders moves quickly from the basic building blocks
to the heart and soul of this technical analysis method. Unique
indicators, including Signal-to-Noise Ratio and the Sinewave Indicator,
are discussed. Finite Impulse Response (FIR) and Infinite Impulse
Response (IIR) filters are thoroughly described. Learn how to generate
predictive filters and when to use them for optimum effectiveness.
In his goal to revolutionize the art of trading, John Ehlers has
uncovered effective new trading tools by introducing the concept of
modern digital signal processing. Whether you're looking for "cookbook"
codes to help you begin trading immediately, or new analysis tools such
as the Homodyne cycle period measurer and the Instantaneous Trendline,
once you've read this groundbreaking book, you'll be able to view the
market from a new perspective and profit from it.
