1.

Record Nr.

UNINA9910254871503321

Autore

Tsinaslanidis Prodromos E

Titolo

Technical Analysis for Algorithmic Pattern Recognition [[electronic resource] /] / by Prodromos E. Tsinaslanidis, Achilleas D. Zapranis

Pubbl/distr/stampa

Cham : , : Springer International Publishing : , : Imprint : Springer, , 2016

ISBN

3-319-23636-9

Edizione

[1st ed. 2016.]

Descrizione fisica

1 online resource (213 p.)

Disciplina

332

Soggetti

Finance

Econometrics

Statistics 

Pattern recognition

Economics, Mathematical 

Macroeconomics

Finance, general

Statistics for Business, Management, Economics, Finance, Insurance

Pattern Recognition

Quantitative Finance

Macroeconomics/Monetary Economics//Financial Economics

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references at the end of each chapters.

Nota di contenuto

Technical Analysis -- Preprocessing Procedures -- Assessing the Predictive Performance of Technical Analysis -- Horizontal Patterns -- Zigzag Patterns -- Circular Patterns -- Technical Indicators -- A Statistical Assessment -- Dynamic Time Warping for Pattern Recognition.

Sommario/riassunto

The main purpose of this book is to resolve deficiencies and limitations that currently exist when using Technical Analysis (TA). Particularly, TA is being used either by academics as an “economic test” of the weak-form Efficient Market Hypothesis (EMH) or by practitioners as a main or supplementary tool for deriving trading signals. This book approaches TA in a systematic way utilizing all the available estimation theory and



tests. This is achieved through the developing of novel rule-based pattern recognizers, and the implementation of statistical tests for assessing the importance of realized returns. More emphasis is given to technical patterns where subjectivity in their identification process is apparent. Our proposed methodology is based on the algorithmic and thus unbiased pattern recognition. The unified methodological framework presented in this book can serve as a benchmark for both future academic studies that test the null hypothesis of the weak-form EMH and for practitioners that want to embed TA within their trading/investment decision making processes.     .