Acknowledgements
introduction
Classification of each topic
Parameter range

PART 1: The Base Content
PART 2: THE PARABOLIC TIME/PRIZE SYSTEM
PART 3 Volatility
PART 4 ​​Direction
PART 5 MOMENTUM
PART 6 RELATIVE STRENGTH INDEX
PART 7 Reaction Trend System
PART 8 Swing Index
PART 9 Product Selection Index
PART 10 ASSET MANAGEMENT

supplement
Terms and abbreviations
Daily Worksheet

Wells Wilder, the creator of PSAR, DMI, RSI, and ADXR indices
Why he's a legend in the securities technology field!

The basic principle of investing is to buy at the right time and sell at the right time to make a profit.
The question is 'when to buy and when to sell', and different investors have different views on that point.
Of course, there is no right answer.

However, there are points that many people prefer, and these are determined by auxiliary indicators such as moving averages.
The RSI we commonly use is one of them, and one question may arise here.
Who created this indicator and when?

RSI was first introduced in 1978 in a book by Wells Wilder titled [NEW CONCEPTS IN TECHNICAL TRADING SYSTEMS].
Please note that this book does not cover only RSI.
He is the inventor of the DMI, Parabolic Time/Price System (PSAR), and ADXR index, which are now widely used to the point of being included in HTS. In 1980, [Forbes] called him “the best technical trader” and released his new book.
It even received praise as “a book that will serve as a starting point for those who have experienced all the existing (trading) systems.”
This is why the original title of this book is "New Concepts in Technical Trading Systems."
The trading systems introduced in this book were all concepts that did not exist at the time, which shows how great his work was.

In capturing trends
Unique and decisive trading systems!

Wilder introduces six unique and decisive trading systems.
One thing to note first is that this book does not present a trading system that generates consistent profits in both strongly directional and directionless, sideways markets, and the author believes such a system cannot exist.


So how can we profit from it? The author tackles this problem by devising a 0-100 rating scale that indicates the strength of a particular market trend.
In addition, volatility is also assessed based on the logic that a highly profitable trending market is also a highly volatile trending market.
Under these premises, the author introduces the Parabolic Time/Price System (PSAR), Volatility Index (VIX), Directional Indicator (DMI), Momentum Index (MF and Trend Balance Point System), Relative Strength Index (RSI), Reactive Trend System (RTS), Accumulated Swing Index (ASI), and finally, the ADXR index, which the author considers the most important in terms of trend-following systems.


All of the indicators presented in this book are very useful in suggesting appropriate buying (entry) and selling (liquidation) points.
It comes with a thorough explanation, as well as diagrams, worksheets, and charts showing how to use it.

A useful book for stock, futures, and coin investors!

What the author is saying is very simple.
There are three factors to consider to get a good deal.
1. Use a good system, and 2.
Use the system in the right market at the right time, and 3.
This means that asset management (risk management) must be done well.
To this end, we will list the most important, easiest to learn, but most difficult to put into practice asset management methods at the end.

One of the most widely accepted maxims in the stock market is that investor psychology hasn't changed in the past 100 years.
Since auxiliary indicators are also indicators they use, their use has been increasing since Wilder introduced them.
This is because it is now being used not only in the stock market but also in the futures and coin markets.
This is why I can confidently say that this book will be useful not only to stock investors, but also to those investing in futures and coins.