does moving average technical trading rule provide value for intraday stock trading?: evidence from the indonesia stock exchange

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ID: 240856
2014
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Abstract
This paper analyzes the value of employing simple moving average (SMA) and moving average (MA) technical trading rules for intraday stock trading in the Indonesia Stock Exchange. We test independently SMA[5], SMA[10], SMA[15], MA[5,50], MA[5,150], and MA[5,200] trading rules. We find all three SMAs and MA[5,200] tend to deliver returns greater than the unconditional basic return (UBR), while MA[5,50] and MA[5,150] generate returns less than UBR. We conclude that SMAs are more valuable than MAs as intraday technical trading rules.
Reference Key
harsanto2014indonesiandoes Use this key to autocite in the manuscript while using SciMatic Manuscript Manager or Thesis Manager
Authors ;Ario Harsanto;Irwan Adi Ekaputra
Journal artificial intelligence
Year 2014
DOI
10.21002/icmr.v4i2.3619
URL
http://journal.ui.ac.id/index.php/icmr/article/view/3619
Keywords
social sciencesfinance

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