technical analysis

Technical analysis examines the past history including price and volume to forecast future trends in that market. It does not analyze the financial data of a company, such as cashflow, dividends, and projection of future dividends. Technical analysis does not account for the fundamental of a company. It only concerns about two things:

a) current price
b) the history of price movement

Technical analysis is widely used by both professional and amateur traders as a means of predicting future market moves. It's almost becoming a self-fulfilled prophecy. The biggest advantage of technical analysis happens when combined with fundamental analysis. The section below will cover the fundamental of technical analysis in order to understand how the stock is screened by iTRADESTATION.

MACD
ADX
RSI
Fibonacci Retracement Analysis - Please be sure to check this page
Basic Chart Formation
Candlestick Analysis - One of the most powerful tools for stock trading

For more detailed information on technical analysis, stockcharts.com, provides a good explaination on it.

Below are the three books that I recommend depending on the expeirence leve you have for trading. High Probablity Trading is the best book that I read so far for trading strategy and basic technical analysis. The book costs about $30 or less, and it's the best reference/tutition in my opinion for $30.