Trend Definition or Holding Strategy: What Determines the Profitability of Candlestick Technical Trading Strategies?

Preprint OPEN
Tsung-Hsun Lu; Yi-Chi Chen; Yu-Chin Hsu;
  • Subject: 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... View more
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