시간흐름을 반영하는 캔들스틱과 거래량차트 = A Study on New Candlestick and Volume Charting

다국어 초록 (Multilingual Abstract)

Technical Analysis has been used popularly in fields because of its simplicity and low cost. However, many studies have neglected the effects of technical analysis. While such researches as market anomalies price reversal and price momentum have proceeded broadly, the value of technical analysis is gradually being conceded even though leaving some contraditions. this paper suggests new approach for candlestick and volume charting which are kinds of technical analysis method. Established candlestick chart depicts opening price, high price, low price and closing price as upper shadow, lower shadow and body. High price and low price locate on the center of candlestick body. Therefore, the candlestick chart have not properly revealed information about when high price and low price generate. So, this paper suggest new candlestick with time varying information as high price and low price chart on upper side or underside of candlestick body. This new candlestick chart is expected to provide more information than traditional one. The volume chart also modified old one which has represented just total volume through measure span. However, the volume for high price or low price was subdivided separately in this paper. So, this study suggest that new candlestick and volume chart are more informative than the old.

참고문헌 (Reference)

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