Date of this Version

5-1-2006

Document Type

Journal Article

Publication Details

Bhattacharya, Sukanto and Kumar, Kuldeep (2006) A computational exploration of the efficacy of Fibonacci sequences in technical analysis and trading is published in the Annal of Economics and Finance, Volume 7, Issue 1, May 2006, pp. 219-230.
This freely accessible copy is provided courtesy of Annals of Economics and Finance

2006 HERDC submission

Abstract

Among the vast assemblage of technical analysis tools, the ones based on Fibonacci recurrences in asset prices are relatively more scientific. In this paper, we review some of the popular technical analysis methodologies based on Fibonacci sequences and also advance a theoretical rationale as to why security prices may be seen to follow such sequences. We also analyze market data for an indicative empirical validation of the efficacy or otherwise of such sequences in predicting critical security price retracements that may be useful in constructing automated trading systems. © 2006 Peking University Press

Share

COinS
 

This document has been peer reviewed.

 

To view the content in your browser, please download Adobe Reader or, alternately,
you may Download the file to your hard drive.

NOTE: The latest versions of Adobe Reader do not support viewing PDF files within Firefox on Mac OS and if you are using a modern (Intel) Mac, there is no official plugin for viewing PDF files within the browser window.