Artikel
Candlestick - the main mistake of economy research in high frequency markets
One of the key problems of researching the high-frequency financial markets is the proper data format. Application of the candlestick representation (or its derivatives such as daily prices, etc.), which is vastly used in economic research, can lead to faulty research results. Yet, this fact is consistently ignored in most economic studies. The following article gives examples of possible consequences of using candlestick representation in modelling and statistical analysis of the financial markets. Emphasis should be placed on the problem of research results being detached from the investing practice, which makes most of the results inapplicable from the investor's point of view. The article also presents the concept of a binary-temporal representation, which is an alternative to the candlestick representation. Using binary-temporal representation allows for more precise and credible research and for the results to be applied in investment practice.
- Sprache
-
Englisch
- Erschienen in
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Journal: International Journal of Financial Studies ; ISSN: 2227-7072 ; Volume: 8 ; Year: 2020 ; Issue: 4 ; Pages: 1-15 ; Basel: MDPI
- Klassifikation
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Wirtschaft
Econometrics
Forecasting Models; Simulation Methods
Design of Experiments: General
- Thema
-
high frequency econometric
technical analysis
investment decision support
candlestick representation
binary-temporal representation
- Ereignis
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Geistige Schöpfung
- (wer)
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Stasiak, Michał Dominik
- Ereignis
-
Veröffentlichung
- (wer)
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MDPI
- (wo)
-
Basel
- (wann)
-
2020
- DOI
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doi:10.3390/ijfs8040059
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Stasiak, Michał Dominik
- MDPI
Entstanden
- 2020
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