Stock market trading rule based on pattern recognition and technical analysis: Forecasting the DJIA index with intraday data

作者：

Highlights：

• This work provides empirical evidence which confronts the Efficient Market Hypothesis.

• This work introduces a new definition of the flag pattern.

• The results show that the trading rule can beat the market.

• The European market is more inefficient than the US market.

摘要

•This work provides empirical evidence which confronts the Efficient Market Hypothesis.•This work introduces a new definition of the flag pattern.•The results show that the trading rule can beat the market.•The European market is more inefficient than the US market.

论文关键词：DAX,Deutscher Aktien index,DJIA,Dow Jones industrial index,FTSE,the FTSE 100 index,VAR,value at risk,Technical analysis,Pattern recognition,Stock market trading rule,Forecasting financial expert systems,Intraday data

论文评审过程：Available online 3 April 2015.

论文官网地址：https://doi.org/10.1016/j.eswa.2015.03.017