Ordered fuzzy candlesticks
Authors:
- Adam Marszałek,
- Tadeusz Burczyński
Abstract
The purpose of this chapter is to present how Ordered Fuzzy Numbers (OFNs) can be used with financial high-frequency time series. Considering this approach the financial data are modeled using OFNs called further ordered fuzzy candlesticks. Their use allows modeling uncertainty associated with financial data and maintaining more information about price movement at an assumed time interval than compared to commonly used price charts (e.g., Japanese Candlestick chart). Furthermore, in a simple way, it is possible to include the information about volume and the bid-ask spread. Thanks to the well-defined arithmetic of OFNs, one can be used in technical analysis or to construct models of fuzzy time series in the form of classical equations. Examples of an ordered fuzzy moving average indicator and ordered fuzzy autoregressive process are presented.
- Record ID
- CUT48fb6c487c544d10a5e527ad163e5cfb
- Publication type
- Publication categories
- ; ;
- Author
- Pages
- 183-194
- Other elements of collation
- rys.; wykr.; Bibliografia (na s.) - 193-194; Bibliografia (liczba pozycji) - 16; Oznaczenie streszczenia - Abstr.
- Book
- Prokopowicz Piotr, Piotr Prokopowicz Czerniak Jacek, Jacek Czerniak Mikołajewski Dariusz Dariusz Mikołajewski [et al.] (eds.): Theory and applications of ordered fuzzy numbers : a tribute to Professor Witold Kosiński, Studies in Fuzziness and Soft Computing, no. 356, 2017, Cham, Springer, Springer, ISBN 978-3-319-59614-3 (eBook)
- Keywords in English
- Ordered Fuzzy Numbers, Ordered Fuzzy Candlesticks, financial data modeling
- DOI
- DOI:10.1007/978-3-319-59614-3_10 Opening in a new tab
- URL
- https://link.springer.com/book/10.1007/978-3-319-59614-3 Opening in a new tab
- Language
- eng (en) English
- License
- Score (nominal)
- 20
- Additional fields
- Indeksowana w: Scopus
- Uniform Resource Identifier
- https://cris.pk.edu.pl/info/article/CUT48fb6c487c544d10a5e527ad163e5cfb/
- URN
urn:pkr-prod:CUT48fb6c487c544d10a5e527ad163e5cfb
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