References
- Biondo, A.E., Pluchino, A., Rapisarda, A., Helbing, D. (2013). Are Random Trading Strategies More Successful than Technical Ones? Montoya ARH, PLoS ONE, 8 (7), e68344. DOI: 10.1371/journal.pone.0068344.
- Biondo, A.E., Pluchino, A., Rapisarda, A. (2014). Micro and Macro Benefits of Random Investments in Financial Markets. Contemporary Physics, 55 (4), 318–334.
- Biondo, A.E., Pluchino, A., Rapisarda, A. (2013). The beneficial role of random strategies in social and financial systems. Journal of Statistical Physics, 3–4 (151), 607–622.
- Chong, T.T-L., Ng, W.K., Liew, V.K.-S. (2014). Revisiting the Performance of MACD and RSI Oscillators. Journal of Risk and Financial Management, 7, 1–12. DOI: 10.3390/jrfm7010001.10.3390/jrfm7010001
- Cohen, G., Cabiri, E. (2015). Can technical oscillators outperform the buy and hold strategy? Applied Economics, 47 (30), 3189–3197. DOI: 10.1080/00036846.2015.1013609.10.1080/00036846.2015.1013609
- Fama, E.F. (1970). Efficient Capital Markets: A Review of Theory and Empirical Work. Journal of Finance, 25, 383–417.
- Gold, S. (2015). The Viability of Six Popular Technical Analysis Trading Rules in Determining Effective Buy and Sell Signals: MACD, AROON, RSI, SO, OBV, and ADL. Journal of Applied Financial Research, 2, 8–29.
- Grossman, S.J., Stiglitz, J.E. (1980). On the impossibility of informationally efficient markets. American Economic Review, 70, 393–408.
- Heiberger, R.H. (2015). Collective Attention and Stock Prices: Evidence from Google Trends Data on Standard and Poor’s 100. PLoS ONE, 10 (8), e0135311. DOI: 10.1371/journal. pone.0135311.
- Hejase, A.J., Srour, R.M., Hejase, H. J., Younis, J. (2017). Technical Analysis: Exploring MACD in the Lebanese Stock Market. Journal of Research in Business, Economics and Management, 8 (4), 1493–1502. Retrieved from: http://www.scitecresearch.com/journals/index.php/jrbem/article/view/1077.
- Murphy, J.J. (1999). Analiza techniczna rynków finansowych. Warszawa: WIG-Press.
- Nor, S.M., Wickremasinghe, G. (2014). The profitability of MACD and RSI trading rules in the Australian stock market. Investment Management and Financial Innovations, 11 (4), 194–199. Retrieved from: https://pdfs.semanticscholar.org/10bc/cada08f6e6044cb510172e66efeaccaac489.pdf.
- Odean, T. (1998). Are investors reluctant to realize their losses? Journal of Finance, 53 (5), 1775–1798. DOI: 10.1111/0022-1082.00072.10.1111/0022-1082.00072
- Park, Ch., Irwin, S.H. (2007). What do we know about the profitability of technical analysis? Journal of Economic Surveys, 21 (4), 786–826.
- Rosillo, R., de la Fuente, D., Brugos, J.A.L. (2013). Technical analysis and the Spanish stock exchange: testing the RSI, MACD, momentum and stochastic rules using Spanish market companies. Applied Economics, 45, 1541–1550.
- Satinover, J.B., Sornette, D. (2007). Illusion of control in Time-Horizon Minority and Parrondo Games. The European Physical Journal B, 60 (3), 369–384.
- Subramanian, V., Balakrishnan, K.P. (2014). Efficacy of Refined MACD Indicators: Evidence from Indian Stock Markets. The IUP Journal of Applied Finance, 20 (1), 76–91.
- Szyszka, A. (2009). Finanse behawioralne. Nowe podejście do inwestowania na rynku kapita-łowym. Poznań: Wydawnictwo Uniwersytetu Ekonomicznego w Poznaniu.
- Tharavanij, P., Siraprapasiri, V., Rajchamaha K. (2015). Performance of technical trading rules: evidence from Southeast Asian stock markets. SpringerPlus, 4 (552). DOI: 10.1186/s40064-015-1334-7.10.1186/s40064-015-1334-7
- Wang, J., Kim, J. (2018). Predicting Stock Price Trend Using MACD Optimized by Historical Volatility. Mathematical Problems in Engineering. Article ID 9280590, 12 pages. DOI: 10.1155/2018/9280590.10.1155/2018/9280590
- Yu, H., Nartea, G.V., Gan, C., Yao, L.J. (2013). Predictive ability and profitability of simple technical trading rules: recent evidence from Southeast Asian stock markets. International Review of Economics & Finance, 25 (c), 356–371. DOI: 10.1016/j.iref.2012.07.016.10.1016/j.iref.2012.07.016