The New Science of Technical Analysis by Thomas R. Demark From the Foreword by John J. Murphy "DeMark's work as a consultant has been restricted to large institutions and many of the legendary traders in the world today. By sharing his creative ideas with us, as well as his passion for precision and improvement, Tom DeMark's emphasis on the 'new science' of technical analysis helps push the technical frontier another step forward. ...
The key elements of this strategy are as follows: 1. A strategy designed for intraday trading 2. Rangebound strategy expecting the market to revert to a mean 3. Plot 2 pairs of bollinger bands, each using different standard deviations 4. When the market closes at or above the upper band of the higher standard deviation bollinger band, look to short 5. Confirm that ADX ...
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