Chart patterns and indicators are popularly used to make investment decisions. This
article presents a trading strategy combining price market chart patterns, candlestick chart
patterns, and trading indicators including Moving Average (MA), Exponential Moving Average
(EMA), Bollinger Bands (BB), On Balance Volume (OBV), Relative Strength Index (RSI),
Moving Average Convergence Divergence (MACD), and Stochastic Oscillator (OS) with the
aim to increase the return on investment. A neural network model is employed to determine buy
and sell signals on the next trading day.
The experimental results, using stock from five different industries from Stock Exchange
of Thailand, show that the proposed strategy yields higher returns than traditional technical
trading methods, for example Moving Average or Bollinger Bands.