The Relation between Return of Bollinger Band with Relative Strength Index Indicators and stock Market Index
This study compares returns from using two different strategies technical analysis and Buy-Hold strategy- of investment in Iranian capital market. For this purpose, we calculate the returns from active strategy arising from Bollinger Bands and Relative Strength Index (RSI) model and compare with th...
| Main Authors: | , |
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| Format: | Article |
| Language: | fas |
| Published: |
Allameh Tabataba'i University Press
2008-03-01
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| Series: | مطالعات تجربی حسابداری مالی |
| Subjects: | |
| Online Access: | https://qjma.atu.ac.ir/article_4265_d7e71f83716f8b58b72afeda3455ca25.pdf |
| _version_ | 1797378374419611648 |
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| author | Farrokh Barzideh Sasan Allahgholi |
| author_facet | Farrokh Barzideh Sasan Allahgholi |
| author_sort | Farrokh Barzideh |
| collection | DOAJ |
| description | This study compares returns from using two different strategies technical analysis and Buy-Hold strategy- of investment in Iranian capital market. For this purpose, we calculate the returns from active strategy arising from Bollinger Bands and Relative Strength Index (RSI) model and compare with the return from using the Buy-Hold as a passive strategy, for the period of 1376-1386.
Our results show that during of our study period, the returns from active strategy by using Bollinger Bands and Relative Strength Index (RSI) model do not exceed the return from using the Buy-Hold as a passive strategy in the TSE. However, Bollinger Bands and Relative Strength Index (RSI) model has a lower return variance relative to Buy-Hold strategy. Therefore, in point of view of risk, the active strategy is more advantageous than the passive strategy. |
| first_indexed | 2024-03-08T20:05:59Z |
| format | Article |
| id | doaj.art-560a85d8059644e8b8796b2a56b73e1c |
| institution | Directory Open Access Journal |
| issn | 2821-0166 2538-2519 |
| language | fas |
| last_indexed | 2024-03-08T20:05:59Z |
| publishDate | 2008-03-01 |
| publisher | Allameh Tabataba'i University Press |
| record_format | Article |
| series | مطالعات تجربی حسابداری مالی |
| spelling | doaj.art-560a85d8059644e8b8796b2a56b73e1c2023-12-23T10:33:50ZfasAllameh Tabataba'i University Pressمطالعات تجربی حسابداری مالی2821-01662538-25192008-03-01621831074265The Relation between Return of Bollinger Band with Relative Strength Index Indicators and stock Market IndexFarrokh Barzideh0Sasan Allahgholi1استادیار دانشکده مدیریت و حسابداری دانشگاه علامه طباطباییکارشناس ارشد مدیریت مالیThis study compares returns from using two different strategies technical analysis and Buy-Hold strategy- of investment in Iranian capital market. For this purpose, we calculate the returns from active strategy arising from Bollinger Bands and Relative Strength Index (RSI) model and compare with the return from using the Buy-Hold as a passive strategy, for the period of 1376-1386. Our results show that during of our study period, the returns from active strategy by using Bollinger Bands and Relative Strength Index (RSI) model do not exceed the return from using the Buy-Hold as a passive strategy in the TSE. However, Bollinger Bands and Relative Strength Index (RSI) model has a lower return variance relative to Buy-Hold strategy. Therefore, in point of view of risk, the active strategy is more advantageous than the passive strategy.https://qjma.atu.ac.ir/article_4265_d7e71f83716f8b58b72afeda3455ca25.pdfinvestmenttechnical analysisbollinger bandsrelative strength index (rsi)buy-hold strategy |
| spellingShingle | Farrokh Barzideh Sasan Allahgholi The Relation between Return of Bollinger Band with Relative Strength Index Indicators and stock Market Index مطالعات تجربی حسابداری مالی investment technical analysis bollinger bands relative strength index (rsi) buy-hold strategy |
| title | The Relation between Return of Bollinger Band with Relative Strength Index Indicators and stock Market Index |
| title_full | The Relation between Return of Bollinger Band with Relative Strength Index Indicators and stock Market Index |
| title_fullStr | The Relation between Return of Bollinger Band with Relative Strength Index Indicators and stock Market Index |
| title_full_unstemmed | The Relation between Return of Bollinger Band with Relative Strength Index Indicators and stock Market Index |
| title_short | The Relation between Return of Bollinger Band with Relative Strength Index Indicators and stock Market Index |
| title_sort | relation between return of bollinger band with relative strength index indicators and stock market index |
| topic | investment technical analysis bollinger bands relative strength index (rsi) buy-hold strategy |
| url | https://qjma.atu.ac.ir/article_4265_d7e71f83716f8b58b72afeda3455ca25.pdf |
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