Representation of Japanese Candlesticks by Oriented Fuzzy Numbers

Krzysztof Piasecki , Anna Łyczkowska-Hanćkowiak

Abstract

The Japanese candlesticks’ technique is one of the well-known graphic methods of dynamic analysis of securities. If we apply Japanese candlesticks for the analysis of high-frequency financial data, then we need a numerical representation of any Japanese candlestick. Kacprzak et al. have proposed to represent Japanese candlesticks by ordered fuzzy numbers introduced by Kosiński and his cooperators. For some formal reasons, Kosiński’s theory of ordered fuzzy numbers has been revised. The main goal of our paper is to propose a universal method of representation of Japanese candlesticks by revised ordered fuzzy numbers. The discussion also justifies the need for such revision of a numerical model of the Japanese candlesticks. There are considered the following main kinds of Japanese candlestick: White Candle (White Spinning), Black Candle (Black Spinning), Doji Star, Dragonfly Doji, Gravestone Doji, and Four Price Doji. For example, we apply numerical model of Japanese candlesticks for financial portfolio analysis.
Author Krzysztof Piasecki (WZ / KIiN)
Krzysztof Piasecki,,
- Department of Investment and Real Estate
, Anna Łyczkowska-Hanćkowiak - Wyższa Szkoła Bankowa w Poznaniu
Anna Łyczkowska-Hanćkowiak,,
-
Journal seriesEconometrics, ISSN 2225-1146, (N/A 70 pkt)
Issue year2020
Vol8
No1
Pages1-23
Publication size in sheets1.1
Keywords in Polishjapońska świeca, skierowana liczba rozmyta, liczba Kosińskiego, zorientowana liczba rozmyta, dynamiczna analiza papierów wartościowych
Keywords in EnglishJapanese candlestick; ordered fuzzy number; Kosiński’s number; oriented fuzzy number; dynamic analysis of securities
DOIDOI:10.3390/econometrics8010001
URL https://www.mdpi.com/2225-1146/8/1/1
Languageen angielski
Score (nominal)70
Score sourcejournalList
ScoreMinisterial score = 70.0, 28-04-2020, ArticleFromJournal
Publication indicators WoS Citations = 0
Citation count*2 (2020-09-18)
Additional fields
UwagiPublished: 18 December 2019
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* presented citation count is obtained through Internet information analysis and it is close to the number calculated by the Publish or Perish system.
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