An Analysis of Harmonic Patterns in the Time Series of the Forex Market



Título del documento: An Analysis of Harmonic Patterns in the Time Series of the Forex Market
Revista: Latin American Journal of Development
Base de datos: CLASE
Número de sistema: 000506699
ISSN: 2674-9297
Autores: 1
1
1
Instituciones: 1Universidade do Estado da Bahia, Departamento de Ciencias Exatas e da Terra, Salvador, Bahia. Brasil
Año:
Periodo: May-Jun
Volumen: 3
Número: 3
Paginación: 1688-1704
País: Brasil
Idioma: Inglés
Tipo de documento: Artículo
Enfoque: Analítico
Resumen en inglés First, we describe the morphological characteristics of the most popular harmonic patterns, followed by a discrete parameterization that allows to assign an integer to each harmonic pattern. Finally, implementing a simple method, dependent on a parameter, for detecting peaks and values of price waves, we search for harmonic patterns in different currency regions, accounting for the frequency of occurrence of each of them. From the association of popular patterns with the corresponding number in the classification introduced, we conclude that only one of the popular patterns has a probability of occurrence beyond the trivial, at the same time that we identify the most frequent patterns in the studied assets
Disciplinas: Economía
Palabras clave: Inversiones,
Mercados de divisas (Forex),
Series financieras,
Patrones armónicos
Keyword: Investments,
Harmonic patterns,
Financial series,
Foreign Exchange Market (Forex)
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