Absolutely, but I was trying to bring to the attention that simple technical trading rules do not equal to less usefulness. In fact, most empirical studies so far indicate that simple technical trading rules out-performance sophisticated financial time series techniques. Sorry for not clarifying...
In the world of technical analysis, there is a popular technical trading rule by the name of Stochastics developed by George lane.
There are two versions of stochastics and they are called %k and %D respectively. The idea behind these technical trading rules is that rising prices are often...
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