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Eurasian Academy Of Sciences Social Sciences Journal Yıl:2015  Sayı: 1  Alan: İstatistik-Sayısal Yöntemler-Ekonometri

Kutluk Kağan SÜMER
AN EARLY WARNING MODEL FOR TECHNICAL TRADING INDICATORS
 
In this study, the technical indicators are used in forecasting whether stock prices will rise, fall or will be constant at the following day. The indicators are generated by taking into account the daily stock returns. If the daily stock returns are positive, the indicator is coded as “+1”; if the daily stock returns are constant, the indicator is coded as “0” and at least if the daily stock returns are negative, the indicator is coded as “−1”. These indicator values express the dependent vari-able of ordered choice models which independent variables are technical indicators. The ordered choice models are ap-plied to all of the stocks of ISE (Istanbul Stock Exchange).

Anahtar Kelimeler: Stock Exchange; ISE; Technical Analysis; Technical Indicators; Early Warning; Ordered Choice


AN EARLY WARNING MODEL FOR TECHNICAL TRADING INDICATORS
 
In this study, the technical indicators are used in forecasting whether stock prices will rise, fall or will be constant at the following day. The indicators are generated by taking into account the daily stock returns. If the daily stock returns are positive, the indicator is coded as “+1”; if the daily stock returns are constant, the indicator is coded as “0” and at least if the daily stock returns are negative, the indicator is coded as “−1”. These indicator values express the dependent vari-able of ordered choice models which independent variables are technical indicators. The ordered choice models are ap-plied to all of the stocks of ISE (Istanbul Stock Exchange).

Keywords: Stock Exchange; ISE; Technical Analysis; Technical Indicators; Early Warning; Ordered Choice


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