Alexander Sergeevich Kotov, Ivan Sergeevich Tolkachev, Denis Grigorievich Perepelitsa, Elmira Ahmetshaevna Asyaeva, Bachrom Asrorovich Tursunov


Background: Technical analysis is one of the most frequently used by traders instruments. However, many of its elements (in particular oscillators) may show varying efficiency depending on the particular markets characteristics. Therefore, taking into account the distinctive features of the Russian stock market, it is reasonable to examine which oscillators can be effectively applied on it. Objective: The purpose of the study is to analyze the effectiveness of technical analysis indicators for forecasting shares of the Russian stock market and to develop the most effective trading strategy combining various oscillators. Methods: In order to achieve this, the selection of stocks suitable for testing and technical analysis indicators representing various groups is carried out. The accuracy and the total number of signals act as criteria for the indicators effectiveness, while accuracy is given the main attention. The interval from mid-2020 to mid-2021 is used for testing. Results: Based on the results obtained, the indicators are divided into efficiency groups; recommendations for the application of each oscillator are given. The result of the study is the development of the most effective strategies for the usage of technical analysis indicators that have passed the test. The strengths and weaknesses of each formed strategy are highlighted. Conclusion: The novelty of the research lies in obtaining the results of comparing the different types of technical analysis indicators effectiveness in the modern conditions of the Russian stock market and in building optimal strategies for their application.


Investments; Technical analysis; Russian stock market; Liquidity; Active trading; Trading strategies.

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DOI: http://dx.doi.org/10.21902/Revrima.v4i37.6089


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