TY  - JOUR
N2  - The examination of the Elliott Wave theory is the main motivation of this contribution. All of the fundamental features of an proper Elliott Wave pattern (EW pattern) are reviewed and explained. Based on this knowledge, an algorithm for detection of these patterns is designed, developed and tested. Under several different algorithm settings, several EW pattern sets are obtained. They differ in amount of found EW patterns, quality and size. The following application of the developed detection algorithm was based on recognition of an incomplete EW patterns with aim of the prediction of the following progress of the time set. The Random Decision Forest and the Support Vector Machine are the machine learning algorithms employed for this task. The accuracy of trend prediction above 70 proves the relevancy of EW patterns on stock market data as well as the validity of the algorithm as a tool for detection of such patterns. © 2018 - IOS Press and the authors. All rights reserved.
IS  - 1
KW  - Commerce; Decision trees; Electronic trading; Finance; Financial markets; Forecasting; Learning algorithms; Learning systems; Support vector machines
KW  -  Decision forest; Detection algorithm; Fundamental features; Pattern detection; Random forests; Time series forecasting; Trend prediction; Wave patterns
KW  -  Pattern recognition
ID  - scholars10880
Y1  - 2018///
UR  - https://www.scopus.com/inward/record.uri?eid=2-s2.0-85044381036&doi=10.3233%2fIDT-170319&partnerID=40&md5=019a16d27179ccd3276ae937962a2af0
A1  - Vantuch, T.
A1  - Zelinka, I.
A1  - Vasant, P.
JF  - Intelligent Decision Technologies
VL  - 12
AV  - none
N1  - cited By 2
SP  - 15
TI  - An algorithm for Elliott Waves pattern detection
SN  - 18724981
PB  - IOS Press
EP  - 24
ER  -