ARTICLE SYNOPSIS ...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 ...
ARTICLE SYNOPSIS ...Computers in the Futures Industry by William T. Taylor The futures industry, like other investment-oriented industries, relies heavily on information. For years, exchanges have used the computer for price recording and data gathering as well as for accounting. Computer technology has brought price data to thousands of traders through various quotation services. In fact, the computer can bring a trader so much data that there is virtually no way a human being could possibly absorb the data and transform it into information in time to be useful. Notice, I'm making a distinction between data an...
ARTICLE SYNOPSIS ...Fourier Spectral Analysis by William T. Taylor Introduction Because many commodity and stock prices appear to exhibit some cyclical movement, it is important for the trader who relies on this characteristic feature to recognize these cycles and adjust the parameters of the particular technical trading system in use, accordingly. For example, the trader may wish to filter out or accentuate cycles of particular lengths using moving averages, Commodity Channel Index, or any number of popular trading systems. Some cycles can be seen, more or less, on the price charts from commercial charting se...