Elliott Wave Theory and neuro-fuzzy systems, in stock market prediction: The WASP system

Authors:
George S. Atsalakis;Emmanouil M. Dimitrakakis;Constantinos D. Zopounidis
Affiliations:
Department of Production Engineering and Management, Technical University of Crete, Chania 73100, Greece;Department of Production Engineering and Management, Technical University of Crete, Chania 73100, Greece;Department of Production Engineering and Management, Technical University of Crete, Chania 73100, Greece
Venue:
Expert Systems with Applications: An International Journal
Year:
2011

Citing 4
Cited 2

Neuro-fuzzy and soft computing: a computational approach to learning and machine intelligence

Neuro-fuzzy and soft computing: a computational approach to learning and machine intelligence
Financial Prediction with Neuro-fuzzy Systems

ICAISC '08 Proceedings of the 9th international conference on Artificial Intelligence and Soft Computing
Surveying stock market forecasting techniques - Part II: Soft computing methods

Expert Systems with Applications: An International Journal
Forecasting stock market short-term trends using a neuro-fuzzy based methodology

Expert Systems with Applications: An International Journal

Stock market trend prediction model for the egyptian stock market using neural networks and fuzzy logic

ICIC'11 Proceedings of the 7th international conference on Intelligent Computing: bio-inspired computing and applications
An adaptive network-based fuzzy inference system (ANFIS) for the forecasting: The case of close price indices

Expert Systems with Applications: An International Journal

Quantified Score

Hi-index	12.05

Visualization

Abstract

This paper presents the WASP (Wave Analysis Stock Prediction) system, a system based on the neuro-fuzzy architecture, which utilizes aspects from the Elliott Wave Theory, presented by Ralph Nelson Elliott. This theory has been found to be extremely useful and accurate, particularly in problems of forecasting. A neuro-fuzzy logic technique has been used to forecast the trend of the stock prices and the results derived are very encouraging.