A Study on Technical Analysis at Stock Market

주식시장에서의 기술적 분석에 관한 연구 -지표개발 및 응용을 중심으로-

  • 여동길 (계명대학교 상업교육과) ;
  • 김상오 (세명대학교 정보처리학과)
  • Published : 1994.11.01

Abstract

In this paper, a new index(joint index) which shows the higher confidence than that of the existing technical indices and has simple logical structure and an index which is an applied form of the existing index(OBV-I index) are proposed. The index characteristics which have been known are verified by choosing the three most used technical indices(ADR index, investment psychological rate and VR index) as samples. And the index characteristics of the joint index are compared to those of the OBV-I index. The comparisons are executed not by comparing the investment earning rate of each index but by calculating the unnecessary number of trade days in the total number of trade days according to the index.

Keywords