Technical analysis and financial asset forecasting: From simple tools to advanced techniques

Raymond Hon Fu Chan, Spike Tsz Ho Lee, Wing Keung WONG

    Research output: Book/ReportBook or reportpeer-review

    9 Citations (Scopus)


    Technical analysis is defined as the tracking and prediction of asset price movements using charts and graphs in combination with various mathematical and statistical methods. More precisely, it is the quantitative criteria used in predicting the relative strength of buying and selling forces within a market to determine what to buy, what to sell, and when to execute trades. This book introduces simple technical analysis tools like moving averages and Bollinger bands, and also advanced techniques such as wavelets and empirical mode decomposition. It first discusses some traditional tools in technical analysis, such as trend, trend Line, trend channel, Gann's Theory, moving averages, and Bollinger bands. It then introduces a recent indicator developed for stock market and two recent techniques used in the technical analysis field: wavelets and the empirical mode decomposition in financial time series. The book also discusses the theory to test the performance of the indicators and introduces the MATLAB Financial Toolbox, some of the functions/codes of which are used in our numerical experiments.

    Original languageEnglish
    PublisherWorld Scientific Publishing
    Number of pages182
    ISBN (Electronic)9789814436250
    ISBN (Print)9789814436243
    Publication statusPublished - 1 Jan 2014

    Scopus Subject Areas

    • Business, Management and Accounting(all)
    • Economics, Econometrics and Finance(all)
    • Mathematics(all)


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