eprintid: 10880
rev_number: 2
eprint_status: archive
userid: 1
dir: disk0/00/01/08/80
datestamp: 2023-11-09 16:37:29
lastmod: 2023-11-09 16:37:29
status_changed: 2023-11-09 16:32:25
type: article
metadata_visibility: show
creators_name: Vantuch, T.
creators_name: Zelinka, I.
creators_name: Vasant, P.
title: An algorithm for Elliott Waves pattern detection
ispublished: pub
keywords: Commerce; Decision trees; Electronic trading; Finance; Financial markets; Forecasting; Learning algorithms; Learning systems; Support vector machines, Decision forest; Detection algorithm; Fundamental features; Pattern detection; Random forests; Time series forecasting; Trend prediction; Wave patterns, Pattern recognition
note: cited By 2
abstract: 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.
date: 2018
publisher: IOS Press
official_url: https://www.scopus.com/inward/record.uri?eid=2-s2.0-85044381036&doi=10.3233%2fIDT-170319&partnerID=40&md5=019a16d27179ccd3276ae937962a2af0
id_number: 10.3233/IDT-170319
full_text_status: none
publication: Intelligent Decision Technologies
volume: 12
number: 1
pagerange: 15-24
refereed: TRUE
issn: 18724981
citation:   Vantuch, T. and Zelinka, I. and Vasant, P.  (2018) An algorithm for Elliott Waves pattern detection.  Intelligent Decision Technologies, 12 (1).  pp. 15-24.  ISSN 18724981