Trend Definition or Holding Strategy: What Determines the Profitability of Candlestick Technical Trading Strategies?
Candlestick charting, Technical analysis, Trading rules, Behavioral finance, Step-SPA test
We ask what determines the profitability of candlestick patterns. Is it the definition of trend and/or the holding strategy that one uses in candlestick charting analysis? To answer this, we conduct a systematic investigation by considering three definitions of trend an...