Next Article in Journal
Acknowledgement to Reviewers of Econometrics in 2019
Previous Article in Journal
HAR Testing for Spurious Regression in Trend
Previous Article in Special Issue
Bivariate Volatility Modeling with High-Frequency Data
Open AccessArticle

Representation of Japanese Candlesticks by Oriented Fuzzy Numbers

1
Department of Investment and Real Estate, Poznań University of Economics and Business, 61-875 Poznań, Poland
2
Institute of Finance, WSB University in Poznań, 61-895 Poznań, Poland
*
Author to whom correspondence should be addressed.
Econometrics 2020, 8(1), 1; https://doi.org/10.3390/econometrics8010001
Received: 1 September 2019 / Revised: 3 December 2019 / Accepted: 11 December 2019 / Published: 18 December 2019
The Japanese candlesticks’ technique is one of the well-known graphic methods of dynamic analysis of securities. If we apply Japanese candlesticks for the analysis of high-frequency financial data, then we need a numerical representation of any Japanese candlestick. Kacprzak et al. have proposed to represent Japanese candlesticks by ordered fuzzy numbers introduced by Kosiński and his cooperators. For some formal reasons, Kosiński’s theory of ordered fuzzy numbers has been revised. The main goal of our paper is to propose a universal method of representation of Japanese candlesticks by revised ordered fuzzy numbers. The discussion also justifies the need for such revision of a numerical model of the Japanese candlesticks. There are considered the following main kinds of Japanese candlestick: White Candle (White Spinning), Black Candle (Black Spinning), Doji Star, Dragonfly Doji, Gravestone Doji, and Four Price Doji. For example, we apply numerical model of Japanese candlesticks for financial portfolio analysis. View Full-Text
Keywords: Japanese candlestick; ordered fuzzy number; Kosiński’s number; oriented fuzzy number; dynamic analysis of securities Japanese candlestick; ordered fuzzy number; Kosiński’s number; oriented fuzzy number; dynamic analysis of securities
Show Figures

Figure 1

MDPI and ACS Style

Piasecki, K.; Łyczkowska-Hanćkowiak, A. Representation of Japanese Candlesticks by Oriented Fuzzy Numbers. Econometrics 2020, 8, 1.

Show more citation formats Show less citations formats
Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.

Article Access Map by Country/Region

1
Back to TopTop