Technical analysis and the London stock exchange: testing the MACD and RSI rules using the FT30

Technical analysis and the London stock exchange: testing the MACD and RSI rules using the FT30

This article examines two oscillators - the Moving Average Convergence-Divergence (MACD) and the Relative Strength Index (RSI) - to see if these rules are profitable. Using 60-year data of the London Stock Exchange FT30 Index, it is found that the RSI as well as the MACD rules can generate returns h...

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Veröffentlicht in:Applied economics letters 2008-11, Vol.15 (14), p.1111-1114
Hauptverfasser: Chong, Terence Tai-Leung, Ng, Wing-Kam
Format: Artikel
Sprache:eng
Schlagworte:
Economic analysis
Indexes
London
London Stock Exchange
Profitability
Rates of return
Stock exchange
Stock exchanges
Stock returns
Studies
United Kingdom
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Beschreibung
Zusammenfassung:This article examines two oscillators - the Moving Average Convergence-Divergence (MACD) and the Relative Strength Index (RSI) - to see if these rules are profitable. Using 60-year data of the London Stock Exchange FT30 Index, it is found that the RSI as well as the MACD rules can generate returns higher than the buy-and-hold strategy in most cases.
ISSN:1350-4851
1466-4291
DOI:10.1080/13504850600993598