Technical analysis and the London stock exchange: testing the MACD and RSI rules using the FT30

Terence Tai Leung Chong () and Ng, Wing-Kam

Applied Economics Letters, 2008, vol. 15, issue 14, pages 1111-1114

Abstract: This article examines two oscillators - the Moving Average Convergence-Divergence (MACD) and the Relative Strength Index (RSI) - to see if these rules are profitable. Using 60-year data of the London Stock Exchange FT30 Index, it is found that the RSI as well as the MACD rules can generate returns higher than the buy-and-hold strategy in most cases.

Date: 2008

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