The Encyclopedia of Technical Market Indicators is one of the most comprehensive reference works ever published on quantitative and indicator-based market analysis. Robert W. Colby compiles, tests, and evaluates a vast collection of technical indicators—transforming what is often treated as fragmented trading folklore into a structured analytical database.
Rather than merely describing indicators, Colby examines their mathematical foundations, construction logic, and historical performance characteristics. The book spans trend-following systems, oscillators, breadth indicators, sentiment measures, volatility tools, and volume-based analytics. Each indicator is presented within a broader analytical framework, allowing traders to understand not just how it is calculated, but when and why it may be effective.
A defining feature of this work is empirical testing. Colby evaluates many indicators using systematic backtesting methodologies to determine robustness, reliability, and performance across different market environments. This evidence-based orientation distinguishes the book from traditional charting manuals that rely solely on anecdotal case studies.
The encyclopedia format makes it both a learning resource and a long-term reference manual. Traders can compare indicator structures, understand their intended purpose, and evaluate their suitability for trend-following, mean-reversion, or confirmation-based strategies.
This book does not promote a single trading system. Instead, it equips traders with a structured understanding of how indicators function, interact, and perform under quantitative scrutiny—making it particularly valuable for serious analysts and system developers.
✅ What You’ll Learn:
- The mathematical logic behind major technical indicators
- How trend, momentum, volatility, and breadth tools differ
- How to interpret oscillators versus trend-following systems
- How to evaluate indicator robustness through empirical testing
- How to combine indicators without redundancy
- How market regimes affect indicator performance
💡 Key Benefits:
- Provides one of the most complete indicator databases available
- Enhances quantitative evaluation of technical tools
- Reduces reliance on untested indicator assumptions
- Improves strategy design through structural understanding
- Serves as a long-term professional reference guide
👤 Who This Book Is For:
- Technical analysts seeking structured indicator knowledge
- Quantitative traders and system developers
- Advanced traders refining multi-indicator strategies
- Finance professionals building rule-based models
- Not suitable for beginners seeking simplified trading shortcuts
📚 Table of Contents:
- Foundations of Technical Analysis
- Trend-Following Indicators
- Momentum Oscillators
- Moving Average Systems
- Breadth and Market Internals
- Sentiment Indicators
- Volume-Based Indicators
- Volatility Measures
- Composite and Hybrid Systems
- Empirical Testing and Performance Analysis
- Indicator Optimization and Evaluation
The Encyclopedia Of Technical Market Indicators By Robert W. Colby



Joanna Mullins (verified owner) –
Books is simply, clearly and completely explains all the technical market indicators that are used in examining stock trends. At more than 800 pages, this book is double the size of the first edition and COMPLETELY updated. I bought three copies of the Second Edition as soon as it came out, and I gave two copies to my friends. This book tells what the indicators measure, what their components are, how they are formulated, and what exactly they purport to indicate. It describes their various realms of usefullness and their limitations. The book is packed with charts and examples and is very, very interesting to read. I bought the first edition about six years ago and have found it the only useful reference of its type. The Second Edition is entirely updated and expanded and is ESSENTIAL for understanding Technical Market Indicators and stock trends. I recommend that EVERYONE in the industry and all serious independant traders and researchers get this book.
Allen Murphy (verified owner) –
Very useful book
Elijah Esparza (verified owner) –
This book gives an overview of several indicators, but if you want an in-depth understanding of a particular indicator then this is not the right book for you. However, its good value for money.
If you are a technical enthusiast like myself, then the best book out there is New Concepts in Technical Trading Systems: J. Welles Wilder.
Its an old classic, and within its pages lies “The Holy Grail”.
Ayan Browning (verified owner) –
A must for the serious investor. A concise and easy to understand examination of technical market indicators. Mr. Colby’s book is invaluable when determining the usefulness of indicators. This book is about as close as you can get to a “one stop shop” for technical research.
Ramona Flowers (verified owner) –
This is a great book for technical traders. There needs to be more books like this on trading.
Zaniyah Villanueva (verified owner) –
This is the most comprehensive book of its kind. Just the graphs of the indicators, equity curves and market indexes are worth the price of the book. The author makes the case for the objective form of technical analysis, where indicators, trading rules, patterns and systems are well defined and testable. This is an absolute necessity for technical analysis to move out of the relm of market myth and folklore and become a disciplined observational science. Though there is always room for debate on specific methodologicial issues, there can be no debate that technical analysis must move in the direction advocated by the author Robert Colby. This book is a must own for any serious student of the market.
Kylen Chen (verified owner) –
This is very good book if you would like to understand systems and compare them however it uses only monthly data and it doesn’t give you any suggestion if you should apply any system or not as an investor.
Isabel Cortez (verified owner) –
I have been in Technical analysis for more than 4 years and have many books on the subject but of all the books I have “The Encyclopedia of Technical Market Indicators” is the most misguided title ever. Motivation for this statement is that the book is almost like an empty vessel. The author relates to numerous indicators and indicates how successful or unsuccessful they are but without explanations which make it difficult to comprehend. Also nowhere in the book does he indicate how these indicators should be used which, in my opinion, should be the essence of a book with this title.
Leighton Olson (verified owner) –
Probably alot more here than most people want. Nonetheless an excellent introduction to most any technical indicator, and some investment strategies. The results of his study were very interesting to me in as much as some of the technical indicators I had been using evidently are not as reliable as I thought. Certainly not a book I am going to sit down and read cover to cover, but an excellent reference to pick out a specific technical indicator or strategy, read about it and see how it backtests over many years.
Legend Prince (verified owner) –
Good reference for technical indicators.
Kaylee Merritt (verified owner) –
a very useful reference
Elle Truong (verified owner) –
If you are serious about technical analysis and would like to be able to understand the underlying logic, formula, success rate, and limitations of market osicllators and indicators, then this book is for you.
Greta Dickerson (verified owner) –
This was a great book, I learned a lot about indicators that allowed me to come up with my system!!!!
Bella Nielsen (verified owner) –
THE BEST book on Tech Analysis I have read.
Tru Patterson (verified owner) –
Not very informative on how to apply indicators. Lots of pages with not enough information.
Saul O’brien (verified owner) –
Even most of the indicators comes with brief explanation, it is still a valuable book.
Shelby Stanton (verified owner) –
a very thick tome describing the purpose and math behind many indicators from simple moving average to CCI, MACD and more.
Zyair Murphy (verified owner) –
Most excellent reading!
Bella Carpenter (verified owner) –
The information presented here is decent, but if your a futures trader as I am, the indicators time frame doesn’t fit trading futures. Look elsewhere if you need a book on T.A. for futures trading.
Jeremy Boone (verified owner) –
Use this comprehensive, well written book along with Wikipedia to quickly orient yourself in the field of technical analysis and start using technical indicators right away, without wading through some author’s possibly tedious and/or slanted overview. One great feature is that the author compares the results of of applying each technical approach to a baseline that is usually the results of buying and holding the DJIA for most if not all of the 20th century. This is a great help in ranking these indicators and picking the ones that attract us.