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Evaluation of the effectiveness of technical indicators

Evaluation of the effectiveness of technical indicators

Islam, Tuba and Kapinchev, Konstantin (2025) Evaluation of the effectiveness of technical indicators. In: 2024 17th International Conference on Signal Processing and Communication System (ICSPCS) 16th - 18th December 2024, Surfers Paradise, Australia. IEEE Xplore . Institute of Electrical and Electronics Engineers, Inc. (IEEE), Piscataway, New Jersey, pp. 1-6. ISBN 979-8350389630 (doi:10.1109/ICSPCS63175.2024.10815753)

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Abstract

This paper proposes two trading approaches, which have the potential to identify buy and sell areas in the foreign currency exchange market. The approaches combine a range of technical indicators, in order to improve the confidence in the results they generate. Those indicators include Moving Average, Relative Strength Index, Stochastic Oscillator, Bollinger Bands and others. The effectiveness and suitability of the technical indicators are studied and compared. While those indicators can provide good illustration of the fluctuations of the currency exchange rates, they should not be the only factor to consider, when making trading decisions.

Item Type: Conference Proceedings
Title of Proceedings: 2024 17th International Conference on Signal Processing and Communication System (ICSPCS) 16th - 18th December 2024, Surfers Paradise, Australia
Uncontrolled Keywords: hands, visualization, signal processing algorithms, signal processing, market research, robustness, indexes, currencies, oscillators, convergence, financial modelling, technical indicators, moving average, Relative Strength Index, stochastic oscillator, Bollinger bands
Subjects: Q Science > Q Science (General)
Q Science > QA Mathematics
Q Science > QA Mathematics > QA75 Electronic computers. Computer science
Faculty / School / Research Centre / Research Group: Faculty of Engineering & Science
Faculty of Engineering & Science > School of Computing & Mathematical Sciences (CMS)
Last Modified: 01 Dec 2025 12:31
URI: https://gala.gre.ac.uk/id/eprint/51306

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