Technical analysis and the London stock exchange: testing the MACD and RSI rules using the FT30
AbstractThis article examines two oscillators - the Moving Average Convergence-Divergence (MACD) and the Relative Strength Index (RSI) - to see if these rules are profitable. Using 60-year data of the London Stock Exchange FT30 Index, it is found that the RSI as well as the MACD rules can generate returns higher than the buy-and-hold strategy in most cases.
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Applied Economics Letters.
Volume (Year): 15 (2008)
Issue (Month): 14 ()
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