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Cybernetic Analysis for Stocks and Futures by John Ehlers

Cybernetic Analysis for Stocks & Futures by John Ehlers

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Stock trading course: Learn about Stock trading

A stock trader or equity trader or share trader is a person or company involved in trading equity securities.
Stock traders may be an agent, hedger, arbitrageur, speculator, stockbroker.
Such equity trading in large publicly traded companies may be through a stock exchange.
Stock shares in smaller public companies may be bought and sold in over-the-counter (OTC) markets.

Stock traders can trade on their own account, called proprietary trading, or through an agent authorized to buy and sell on the owner’s behalf.
Trading through an agent is usually through a stockbroker. Agents are paid a commission for performing the trade.

Major stock exchanges have market makers who help limit price variation (volatility) by buying and selling a particular company’s shares on their own behalf and also on behalf of other clients.

In Cybernetic Analysis for Stocks and Futures, noted technical analyst John Ehlers continues to enlighten readers on the art of predicting the market based on tested systems. With application of his engineering expertise, Ehlers explains the latest, most advanced techniques that help traders predict stock and futures markets with surgical precision. Unique new indicators and automatic trading systems are described in text as well as Easy Language and EFS code. The approaches are universal and robust enough to be applied to a full range of market conditions.
John F. Ehlers (Santa Barbara, CA) is President of MESA Software (www.mesasoftware.com) and has also written Rocket Science for Traders (0–471–40567–1) as well as numerous articles for Futures and Technical Analysis of Stocks & Commodities magazines.

Salepage : Cybernetic Analysis for Stocks and Futures by John Ehlers

About Author

John Ehlers

John Ehlers is Chief Scientist and President of MESA Software, Inc. He is a technical analyst and Electrical Engineer, with a BSEE and MSEE from the University of Missouri, who completed his doctoral work at The George Washington University, specializing in Fields & Waves and Information Theory. John retired as a Senior Engineering Fellow from Raytheon, and has been a private trader since 1976. With his engineering training, he quickly gravitated towards technical analysis of the market. He originally questioned what was magic about a 14-day RSI, or any other period. Eventually, he concluded there was no unique answer and that one should adapt to current market conditions by using the measured cycle.

John is a pioneer in introducing the MESA cycles-measuring algorithm and the use of digital signal processing in technical analysis. He discovered Maximum Entropy Spectrum Analysis (MESA) while attending an Information Theory seminar in 1978. He quickly reduced the theory to a computer program useful for trading; it was written originally for S-100 computers, and he sold the source code to a few brave traders who pioneered the use of PCs for technical trading. He converted the program for the APPLE II computer to take advantage of its graphics capability and data availability via modems. The program has evolved with the increased capacity of modern computers.

John has written extensively about quantitative algorithmic trading using advanced DSP (Digital Signal Processing) and has spoken internationally on the subject. His books include MESA and Trading Market Cycles, Rocket Science for Traders, and Cybernetic Analysis for Stocks and Futures. His approach is unique in its holding that any technique must first work on theoretical waveforms before testing against real-world data is attempted.

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