Technical analysis involves the use of past and current market price, trading volume, and, potentially, other publicly available information to try and predict future market prices. It is highly popular in practice with plentiful financial trading advice that is based largely, if not exclusively, on technical indicators. In a perhaps belated testament to this fact consider the following quote…
This book is an outgrowth of data mining courses at Rensselaer Polytechnic Institute (RPI) and Universidade Federal de Minas Gerais (UFMG); the RPI course has been offered every Fall since 1998, whereas the UFMG course has been offered since 2002. Although there are several good books on data mining and related topics, we felt that many of them are either too high-level or too advanced. Our goa…