C++ Neural Networks and Fuzzy Logic: Preface

•  Rate of Change

•  Relative Strength

•  Stochastics

•  Accumulation−Distribution

Figure 14.8

  Daily bar chart of Intel Corporation with several technical indicators displayed.

You have seen a few of the hundreds of technical indicators that have been invented to date. New indicators

are being created rapidly as the field of Technical Analysis gains popularity and following. There are also

pattern recognition studies, such as formations that resemble flags or pennants as well as more exotic types of

studies, like Elliot wave counts. You can refer to books on Technical Analysis (e.g., Murphy) for more

information about these and other studies.

Neural preprocessing with Technical Analysis tools as well as with traditional engineering analysis tools such

as Fourier series, Wavelets, and Fractals can be very useful in finding predictive patterns for forecasting.