Please use this identifier to cite or link to this item: https://hdl.handle.net/10356/64374
Title: Technical analysis : to test the accuracy of moving average, the relative strength index and the stochastic index
Authors: Lee, Luke Cher Eng
Ong, Violet
Tan, Cheng Hoon
Keywords: DRNTU::Business
Issue Date: 1994
Abstract: The objective of this report is to test the accuracy of three technical tools, namely the moving average, the relative strength index and the stochastic index, using the Euroyen December 92 futures contracts traded in Simex. Our report consists of six chapters. The first chapter introduces the local market, the background of Simex, its tools and participants and the Euroyen market. In our second chapter, the basics of technical analysis such as momentum, oscillator, trend, trendlines support and resistance are explained. Some of these basics are modified and translated into tools to be used as indicators. Foil owing this chapter is a detailed explanation of the moving average, the relative strength index and the stochastic index we are going to test. Chapter four deals with the software used in this analysis -- MetaStock . It is a: popular tool used by many chartists because it is very user-friendly with over more than 40 built-in indicators. Chapter five is the analysis. Following strict assumptions of the rule, we buy and sell when the indicators signals and calculate the profits and losses to determine the accuracy of the tool. First, we analyze each tool individually to test their efficiency. Then, we do combined prediction using the three tools together. Finally, in our last chapter, we conclude on the accuracy of these tools and discuss their limitations.
URI: http://hdl.handle.net/10356/64374
Rights: Nanyang Technological University
Fulltext Permission: restricted
Fulltext Availability: With Fulltext
Appears in Collections:NBS Student Reports (FYP/IA/PA/PI)

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