eprintid: 8820
rev_number: 2
eprint_status: archive
userid: 1
dir: disk0/00/00/88/20
datestamp: 2023-11-09 16:20:44
lastmod: 2023-11-09 16:20:44
status_changed: 2023-11-09 16:13:37
type: conference_item
metadata_visibility: show
creators_name: Vantuch, T.
creators_name: Zelinka, I.
creators_name: Vasant, P.
title: Market prices trend forecasting supported by Elliott Wave's theory
ispublished: pub
keywords: Costs; Decision trees; Electronic trading; Financial markets; Forecasting; Support vector machines, Fibonacci ratios; Ml algorithms; Pattern detectors; Point of interest; Random forests; Trading strategies; Trend forecasting; Trend prediction, Commerce
note: cited By 1; Conference of 1st EAI International Conference on Computer Science and Engineering, COMPSE 2016 ; Conference Date: 11 November 2016 Through 12 November 2016; Conference Code:130814
abstract: The forecasting of the stock markets' trends is one of the most frequently applied point of interests in machine learning (ML) industry from its beginning. The theory of Elliott waves' (EW) patterns based on Fibonacci's ratios is also heavily applied in several trading strategies and tools which are available on the market and also there are many studies based on analysis and application of those patterns. This paper covers market's trend prediction by ML algorithms such as Random Forest and Support Vector Machine. The trend prediction is supported by application of recognized Elliot waves which was performed by custom developed algorithm based on available knowledge about the patterns. The combination of ML algorithms and EW pattern detector achieved significantly higher performance compare to the ML algorithms only.
date: 2017
publisher: EAI
official_url: https://www.scopus.com/inward/record.uri?eid=2-s2.0-85085405496&doi=10.4108%2feai.27-2-2017.152341&partnerID=40&md5=e22794d9c01939a1b48e0fc8f0700aa9
id_number: 10.4108/eai.27-2-2017.152341
full_text_status: none
publication: COMPSE 2016 - 1st EAI International Conference on Computer Science and Engineering
refereed: TRUE
isbn: 9781631901362
citation:   Vantuch, T. and Zelinka, I. and Vasant, P.  (2017) Market prices trend forecasting supported by Elliott Wave's theory.  In: UNSPECIFIED.