Best Resource to Learn Technical Indicators

[PaulCao]

Hi, 

 

I think learning a bit about technical analysis might help in option trading by selecting the right strikes in a spread order. 

 

But I don't know at all about the various TA styles and indicators (RSI, MACD support and resistance etc.) and there are a lot of them out there and books/websites. 

 

Does anyone have a particular book or resource to help a newbie get started? 

 

Best,

PC

[Mikael]

http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:moving_average_conve

 

I learned everything about chart reading from that website. it's a very good resource for all things related to charting. it's also free I basically just use those 3 indicators you mentioned. I always have the MACD and RSI on, plus a SMA. Now i have the custom augen study on as well. 

 

the Bollinger band is good to use as well. works especially well in conjunction with the Augen study. 

Edited August 7, 2013 by Mikael

[Micahjw]

Great source for learning about charts...

http://www.thepatternsite.com/visualcpindex.html

 

Also his stuff on trading is excellent

[Guest Hal]

I can strongly recommend Brian Shannon's book as a primer. He shows why technical analysis is important, constantly relating price action to the psychology of participants. Avoids jargon, explains concepts clearly. 

 

http://www.technicalanalysisbook.com/