Several studies have been published in the last 55 years exploring technical analysis.
However, there is a lack of research that consolidates the available knowledge concerning …

This paper reviews the recent developments in the field of the variance‐ratio (VR) tests of
the random walk and martingale hypothesis. In particular, we present the conventional …

In the finance literature, statistical inferences for large-scale testing problems usually suffer
from data snooping bias. In this paper we extend the “superior predictive ability”(SPA) test of …

In this paper, we investigated the profitability of technical analysis as applied to the stock
markets of the BRICS member nations. In addition, we searched for evidence that technical …

In this paper we present evidence of multifractality and herding behavior for a large set of
Japanese stocks traded in the Tokyo Stock Exchange. We find evidence that herding …

This study employed variable moving average (VMA) trading rules and heatmap
visualization because the flexibility advantage of the VMA technique and the presentation of …

This paper presents empirical evidence of short and long-run predictability in stock returns
for European transition economies. We employ variance ratios with a bootstrap methodology …

Previous studies highlight the influence of methods of technical analysis in the search for
exceptional gains in the context of the financial market. Based on this scenario, the main …

El presente trabajo tiene como objetivo comprobar la eficiencia débil en los 5 principales
mercados bursátiles de Latinoamérica, usando 2 enfoques; primero se evalúa la …

This paper examines the profitability of the applications of variable and fixed moving
averages as well as trading range breakout (TRB) on nine popular daily Asian market …