Evidence-Based Technical Analysis book cover by David Aronson
Book

Evidence-Based Technical Analysis

Applying the Scientific Method and Statistical Inference to Trading Signals

David Aronson

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Evidence-Based Technical Analysis asks whether a technical rule survives a statistical test, especially after many rules were tried. ChartClub lists the 2006 Wiley edition. The book is a warning about data mining, not a catalog of signals that work.

ChartClub editorial

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Listed in the ChartClub Directory.

Listing facts checked 2026-10-10.

Author
David Aronson
Publisher
Wiley
Year
2006
Pages
544

Key takeaways

  • The book tests rules. It does not sell a setup list.
  • Trying many patterns makes a lucky rule look real.
  • A statistical pass is still bound to the sample.
Wiley dates ISBN 978-0-470-00874-4 to November 2006, 544 pages. The subtitle is Applying the Scientific Method and Statistical Inference to Trading Signals. Aronson argues that a rule found by searching many patterns will look better than it is, and he shows tests aimed at that problem. ChartClub lists it next to chart-pattern and price-action books for that reason. A failed or fragile test in the book is not a universal verdict on every chart, and a rule that passes is still tied to the sample. The statistics do not hand the reader a system. Use it before trusting a scanned setup. Do not use it as proof that technical analysis, as a whole, either works or does not.

Tags

  • technical-analysis
  • backtesting
  • statistics

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