Candlestick Forecasting for Investments
Candlestick Forecasting for Investments: Applications, Models and Properties
by Haibin Xie
English | 2021 | ISBN: 0367703378 | 132 Pages | PDF AZW3 | 6 MB
by Haibin Xie
English | 2021 | ISBN: 0367703378 | 132 Pages | PDF AZW3 | 6 MB
Candlestick charts are often used in speculative markets to describe and forecast asset price movements. This book is the first of its kind to investigate candlestick charts and their statistical properties. It provides an empirical evaluation of candlestick forecasting. The book proposes a novel technique to obtain the statistical properties of candlestick charts. The technique, which is known as the range decomposition technique, shows how security price is approximately logged into two ranges, i.e. technical range and Parkinson range.