Abstract:Renko is a Japanese-style of charting, popular to many users of technical analysis. In this paper, the method is used to study the performance of the Dow Jones Industrial Average comparing with the Islamic Market Index. Results show that the…
Abstract:
Renko is a Japanese-style of charting, popular to many users of technical analysis. In this paper, the method is used to study the performance of the Dow Jones Industrial Average comparing with the Islamic Market Index. Results show that the method is equally effective in both types of index and can produce an above-average return on a longer time frame for the Islamic index too.
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Main Article: https://ieeexplore.ieee.org/abstract/document/9317028/authors#authors
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