New Concepts in Technical Trading Systems is a classic book which was published in 1978. in this book, the author has put forward several important indicators such Directional Movement Index, Relative Strength Index, Parabolic SAR and many more that contribute to a meaningful technical analysis. Wilder has done a good job in discussing the indicators very minutely and thoroughly, which would benefit the traders immensely. The book is noteworthy for its clear logic, the lucid discussions on the interpretation of the indicators and the detailed explanation of the logic of the formulae used. It can be a great asset for the traders. It is a widely known fact that several traders do little research on the indicators and their only focus is on the price and the volume. This is where this book comes to aid. Though the tools and indicators like DMI, RSI, volatility breakouts, Parabolic, ADX and pivot point reversals that have been used in this book are commonly used in the present times, back in the year 1978 these indicators were quite uncommon. Wilder's work has revolutionised the trading systems in all aspects. The book is full of creative and innovative trading concepts that can be used in the trading systems. When the book was written, several traditional trading systems already existed. The author made additions to the existing conventional system and simultaneously made significant contributions for the traders through his brilliant theories. The author has explained the indicators in a simple language without using a lot of jargon. New Concepts in Technical Trading Systems is available in hardcover format and was published by Trend Research in the year 1978. This classic book on trading systems is unique and recommended for all those who are eager to know all the important aspects of the trading systems.

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