ORCA General Poster Session
The Profitability of the Triple Exponential Moving Average
Abstract/Description
In this paper, our purpose is to test the profitability of technical analysis in the commodities markets, especially in the Wheat market, by using the triple exponential moving average. The profitability is determined using daily December Wheat contracts, one year in length, to estimate the profits or losses from the sole indicator of a triple exponential moving average with periods of 20, 50, and 100 days. The results of this research could identify a profitable trading tool for the wheat market, and therefore support the profitability of technical analysis or could prove inferior and support the efficient market theory, which claims technical analysis cannot consistently make profits in a market.
The Profitability of the Triple Exponential Moving Average
In this paper, our purpose is to test the profitability of technical analysis in the commodities markets, especially in the Wheat market, by using the triple exponential moving average. The profitability is determined using daily December Wheat contracts, one year in length, to estimate the profits or losses from the sole indicator of a triple exponential moving average with periods of 20, 50, and 100 days. The results of this research could identify a profitable trading tool for the wheat market, and therefore support the profitability of technical analysis or could prove inferior and support the efficient market theory, which claims technical analysis cannot consistently make profits in a market.