Analysis and investigating into selection criteria of appropriate structure of technical analysis of Stochastic Index,RSI and ADX (case study: Tehran Stock Exchange)

Journal Title: International Research Journal of Applied and Basic Sciences - Year 2013, Vol 6, Issue 3

Abstract

This research studies the applied prediction indices in capital market for the purpose of technical analysis (TA). For this purpose, three indices have been used: stochastic indicator, relative strength index (RSI) and average directional index (ADX). This paper is done through trade principals of stochastic indicator, RSI and ADX on the stock price. Based on the real data of the balance sheets of 7 companies in Tehran’s stock market, the results show that these indices are capable of predicting and can recognize price models for useful deals; the most efficient index is recognized as well.

Authors and Affiliations

milad jasemi| Department of Industrial Engineering; Khaje Nasir University of Technology, Tehran, Iran, mohsen khademi| Department of Industrial Management, Islamic Azad University, Qazvin Branch, Qazvin, Iran, email:mohsen.khademi13373@gmail.com, reza rezaei| Department of social science, Imam khomeini International university, Qazvin, Iran

Keywords

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  • EP ID EP6127
  • DOI -
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How To Cite

milad jasemi, mohsen khademi, reza rezaei (2013). Analysis and investigating into selection criteria of appropriate structure of technical analysis of Stochastic Index,RSI and ADX (case study: Tehran Stock Exchange). International Research Journal of Applied and Basic Sciences, 6(3), 301-312. https://europub.co.uk./articles/-A-6127