ALGORITHM FOR DETECTION AND CONFIRMATION OF HEAD AND SHOULDERS PATTERN WITH NECKLINE
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216275%3A25530%2F15%3A39899201" target="_blank" >RIV/00216275:25530/15:39899201 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
ALGORITHM FOR DETECTION AND CONFIRMATION OF HEAD AND SHOULDERS PATTERN WITH NECKLINE
Original language description
Recognition of specific graphical formations such as Flag, Head and Shoulders, Wedge or Triangle in time series of stock prices is an important component of discipline known as technical analysis. These chart patterns are mainly detected by expert visualconfirmation long after their occurrence. The aim of presented contribution is description of new revisited automatic detection and confirmation algorithm for Head and Shoulders Pattern (H&SP) with neckline. The detection algorithm is based on statistical estimation of unknown parameter in nonlinear regression model and coefficient of determination evaluation. Confirmation of detection and buying (selling) signals are determinate from stock prices and neckline position in specially chosen trading days. Whole procedure is tested on selected time sections of Dow Jones Industrial Averages, where H&SP is expected to occur. Results of analysis and final discussion, presented in Case Study, show that detection and confirmation of H&SP sign
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
BB - Applied statistics, operational research
OECD FORD branch
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Result continuities
Project
<a href="/en/project/EE2.3.30.0058" target="_blank" >EE2.3.30.0058: Development of Research Teams at the University of Pardubice</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Aplimat 2015: 14th Conference on Applied Mathematics
ISBN
978-80-227-4314-3
ISSN
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e-ISSN
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Number of pages
13
Pages from-to
357-369
Publisher name
Slovenská technická univezita v Bratislave
Place of publication
Bratislava
Event location
Bratislava
Event date
Feb 3, 2015
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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