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Profile: Professor
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User Name: Professor
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Statistics
Joined: Thursday, October 7, 2004
Last Visit: Saturday, February 4, 2006 5:34:10 PM
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Topic: Japanese Candlesticks study results and associated research papers...?
Posted: Saturday, November 19, 2005 1:56:23 PM
QUOTE (rednephilim)
Hi,

This is my first post on the Worden boards.

I'm a final year finance student in London, England.

I'm trying to write a dissertation on the relyability of Japanese candlestick patterns in indicating reversals. My reseach is showing that when filtered with a stochastic oscilator (for overbought/oversold matched with Bear/ Bull indicators, respectively) that the patterns are accurate in 70% of circumstances.

I'm looking for people who:

would like to discuss Japanese Candlesticks
OR
know if there are any similar empirical (or otherwise) studies that have been carried out into this subject.

Thanks for reading, I will really appreciate any help/ intereset,

Regards

James Langlois


James:

When you talk about reliability for reversal patterns with stochastics, the reliability of the two indicators (stochastic v. candles), do you refer to the matching of the two indicators or are you alluding to the validity of the price indicators? Reliablility of indicators means they measure the same thing to some degree, but what you really want is a validity indicator. That would answer the question of whether either of these indicators can predict a real change in price movements prior to those movements.
Professor, Ph.D.,Statistics