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Graphical Representation

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Basic Technical Analysis of Financial Markets

Part of the book series: Perspectives in Business Culture ((PEPIBC))

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Abstract

The simplest graph is the so-called zig-zag, obtained by joining with a segment the prices (usually the closures) of the securities or contracts recorded at fixed intervals of time (1 day, 5 min etc.).

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Notes

  1. 1.

    See the worksheet Filtered graph.

  2. 2.

    A protocol is a set of rules or concepts to be followed for a particular purpose, such as a medical treatment to cure a disease.

  3. 3.

    From the closure of the current bar to the closure of the previous bar. The adjusted close (AC) is the closure adjusted for stock splits, dividends etc.

  4. 4.

    The printed page will show the different segments in different shades of gray.

  5. 5.

    In position trading one buys a security and keeps it for a long time, but he has opened such a position for reasons that normally have nothing to do with technical analysis. See also: Di Lorenzo R., How to make money by fast trading, Springer-Verlag, 2012.

  6. 6.

    They can be downloaded from various sites on the Internet, typically Yahoo. The daily data are normally free.

  7. 7.

    The volume is the number of Securities exchanged during the session.

  8. 8.

    It is therefore a candle long and wide at the same time.

  9. 9.

    http://www.grtrends.com/sg/sg_grafici_Kagi.html.

  10. 10.

    Which justifies the use of different graphs: if the information conveyed were the same, it would be pointless to use both.

  11. 11.

    http://www.grtrends.com/sg/sg_grafici_Kagi.html.

  12. 12.

    http://www.surinotes.com/Tradestation/articles/3lpb.pdf.

  13. 13.

    See the Heikin Ashi worksheet.

  14. 14.

    As the trading system refers to the closing values.

  15. 15.

    Heikin Ashi fake.

Author information

Authors and Affiliations

  1. Genova, Italy

    Renato Di Lorenzo

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  1. Renato Di Lorenzo
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Correspondence to Renato Di Lorenzo .

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© 2013 Springer-Verlag Italia

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Di Lorenzo, R. (2013). Graphical Representation. In: Basic Technical Analysis of Financial Markets. Perspectives in Business Culture. Springer, Milano. https://doi.org/10.1007/978-88-470-5421-9_1

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