Candlestick Forecasting for Investments: Applications, Models and Properties

.Candlestick charts are often used in speculative markets to describe and forecast asset price movements. This book is the first of its kind to investigate candlestick charts and their statistical properties. It provides an empirical evaluation of candlestick forecasting. The book proposes a novel technique to obtain the statistical properties of candlestick charts. The technique, which is known as the range decomposition technique, shows how security price is approximately logged into two ranges, i.e. technical range and Parkinson range. Through decomposition-based modeling techniques and empirical datasets, the book investigates the power of, and establishes the statistical foundation of, candlestick forecasting.Additional ISBNs9780367703394, 9781003145769, 9781000369335Candlestick Forecasting for Investments: Applications, Models and Properties 1st Edition is written by Haibin Xie; Kuikui Fan; Shouyang Wang and published by Routledge. ISBNs for Candlestick Forecasting for Investments are 9781000369403, 1000369404 and the print ISBNs are 9780367703370, 0367703378. Additional ISBNs include 9780367703394, 9781003145769, 9781000369335.