Evidence-Based Technical Analysis: Applying the Scientific Method and Statistical Inference to Trading SignalsWiley, 2007 - 528 Seiten "Evidence-Based Technical Analysis examines how you can apply the scientific method, and recently developed statistical tests, to determine the true effectiveness of technical trading signals. Throughout these pages, expert David Aronson details this new type of technical analysis that - unlike traditional technical analysis - is restricted to objective rules, whose historical profitability can be quantified and scrutinized. Evidence-Based Technical Analysis provides you with comprehensive coverage of this new methodology, which is specifically designed for evaluating the performance of rules/signals that are discovered by data mining. Experimental results presented in the book will show you that data mining - a process in which many rules are back-tested and the best performing rules are selected - is an effective procedure for discovering rules/signals"--Jacket. |
Inhalt
Methodological Psychological | 13 |
The Illusory Validity of Subjective | 33 |
The Scientific Method and Technical | 103 |
Urheberrecht | |
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Evidence-Based Technical Analysis: Applying the Scientific Method and ... David Aronson Eingeschränkte Leseprobe - 2011 |
Häufige Begriffe und Wortgruppen
behavioral finance best rule biased bootstrap channel normalization Chapter chart cognitive compute conclusion confidence interval confirmation bias consider correlation daily return data mining data-mining bias defined detrended divergence earned error evaluated evidence example expected return false falsifiable financial markets forecast future head-and-shoulders heuristic hindsight bias hypothesis test illusory correlations illustrated in Figure Index indicator investors judgment knowledge large number Law of Large logical look-back span mean return method moving average nonrandom null hypothesis number of observations number of rules objective observed performance occur On-Balance Volume out-of-sample outcomes output values p-value pattern percent performance statistic population parameter predictive power premise price changes price movements probability problem profitable random variable rate of return rational relative frequency risk rule output rules tested sample mean sample statistic sampling distribution scientific short position signal strategies subjective Technical Analysis testable theory tion trading trend true valid volume zero