V.3:2 (52-56): LEADING INDICATORS FROM FOURIER SPECTRAL ANALYSIS by William T. Taylor
Product Description
LEADING INDICATORS FROM FOURIER
SPECTRAL ANALYSIS
by William T. Taylor
The purpose of this article is to expand upon my previous work July 1984 Technical Analysis of Stocks & Commodities magazine) into an area not normally discussed as part of Spectral Analysis, that is, the detection and measurement of phase (lead or lag) relationships of cyclical components from two or more time series. In certain cases where there are dominant cyclical components of the same length in two or more time series, it can be important to know if there is a lead or lag relationship on which to anticipate changes in direction of one price based on the knowledge of, for example, the leading nature of another price.
I will begin with a discussion of the basic nature of cycles followed by a brief explanation of Spectral Analysis. Emphasis is on how to interpret the results rather than the mathematics behind the procedure. This topic is discussed at some length in the earlier article (mentioned above) and the reader is invited to look there first for a better understanding of how this analytical tool is put to use.
The purpose of this article is to expand upon my previous work July 1984 Technical Analysis of Stocks & Commodities magazine) into an area not normally discussed as part of Spectral Analysis, that is, the detection and measurement of phase (lead or lag) relationships of cyclical components from two or more time series. In certain cases where there are dominant cyclical components of the same length in two or more time series, it can be important to know if there is a lead or lag relationship on which to anticipate changes in direction of one price based on the knowledge of, for example, the leading nature of another price.
I will begin with a discussion of the basic nature of cycles followed by a brief explanation of Spectral Analysis. Emphasis is on how to interpret the results rather than the mathematics behind the procedure. This topic is discussed at some length in the earlier article (mentioned above) and the reader is invited to look there first for a better understanding of how this analytical tool is put to use.
FOR THOSE ORDERING ARTICLES SEPARATELY:
*Note: $2.95-$5.95 Articles are in PDF format only. No hard copy of the article(s) will be delivered. During checkout, click the "Download Now" button to immediately receive your article(s) purchase. STOCKS & COMMODITIES magazine is delivered via mail. After paying for your subscription at store.traders.com users can view the S&C Digital Edition in the subscriber's section on Traders.com.
| Take Control of Your Trading. |
| Professional Traders' Starter Kit |
| All these items shown below only $299.99! |
| Click Here to Order |