Multi-classifier based on Elliott wave's recognition

  • Authors:
  • Eva Volna;Martin Kotyrba;Robert Jarusek

  • Affiliations:
  • -;-;-

  • Venue:
  • Computers & Mathematics with Applications
  • Year:
  • 2013

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Abstract

This article deals with prediction by means of Elliott wave recognition. Our goal is to find and recognize important Elliott wave patterns which repeatedly appear in the market history for the purpose of prediction of subsequent trader's action. The pattern recognition approach is based on neural networks. We focus on reliability of Elliott wave pattern recognition made by the developed algorithms which also causes the reduction of the calculation costs.