Abstract
Technical analysis forms an integral part of the life of a stock trader. In econometric analysis, technical analysis is method for predicting the course of prices of security under consideration through the study of past statistics relating to the equity, mostly price and volume. Traders tend to use this type of analysis to take a decision regarding a particular security. Fuzzy logic-based systems could be used in developing decision models where the experience of traders can be incorporated in the decision model. In this paper, we present a hybrid approach between fuzzy logic and technical analysis. The system generates a signal on direction of movement of the stock. Thus, helping the trader to better understand the underlying behaviour of the stock under consideration and take a decision accordingly.
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