Book : Rocket Science for Traders: Digital Signal Processing Applications
From the Inside Flap
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 Sine waveIndicator, are discussed. Finite Impulse Response (FIR) andInfinite 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 theInstantaneous Trend line, once you’ve read this groundbreaking book, you’ll be able to view the market from a new perspective and profit from it.
From the Back Cover
A Revolutionary Way to Trade
“John Ehlers, ‘master of cycles, ‘delivers more than just the definitive work on cycle analysis and adaptive techniques; he raises financial mathematics to a higher level. The book solves the problem of identifying sideways and trending markets, and teaches how to minimize lag. For non mathematicians, Ehlers provides clear chapter summaries and fully programmed systems that make this book a prize.”-Perry J. Kaufman, President of Strategic Market Systems,Author of Trading Systems and Methods
“John Ehlers combines innovative insights into price behavior with a powerful, concrete approach to trading. The result is a unique blend of high theory and hands-on, practical trading systems and methods.”-Nelson Free burg, Editor of Formula Research
“John Ehlers has made more original, analytically sound contributions to the study of technical analysis than anyone exceptArt Merrill. This volume caps years of development and makes available to traders successful techniques they would have little chance of creating on their own. I recommend it to all advanced traders without hesitation.” -John Sweeney, Editor of TechnicalAnalysis of Stocks & Commodities magazine
“John Ehlers has been a regular standout in trading system rankings for many years. Now we know why! Rocket Science for Traders is a true tour de force!”-David Brown, retired CEO of Telescan