The book describes the technical indicators commonly used in trading
“New Concepts in Technical Trading Systems” is a book on technical indicators which are commonly used by traders nowadays – RSI (Relative Strength Index), Parabolic SAR, Average Directional Index etc. It is authored by J. Welles Wilder in 1978.
Welles Wilder created indicators and described them in his book. The book is divided into 10 sections, where the concepts and calculations of each indicator are presented and explained. The book is illustrated with diagrams and charts. Since the book was written back in 1978, it contains tables where a trader can calculate the indicators by hand.