Sutte Indicator: A Technical Indicator in Stock Market
Ansari Saleh Ahmar
International Journal of Economics and Financial Issues, 2017, vol. 7, issue 2, 223-226
This study aims at development of the technical indicator in Stock Market as Sutte indicator. Sutte indicator in stock trading that will assist in the investment decision-making process which is to buy or sell stocks. This study took data from PT. Astra Agro Lestari Tbk. Which is listed in the Indonesia stock exchange in the period of 5 April 2001 - 20 September 2016. To find out the performance of Sutte indicator, two other technical analysis are used as a comparison, they are simple moving average (SMA) and moving average convergence/divergence (MACD). The mean of square error (MSE), mean absolute deviation (MAD), and mean absolute percentage error (MAPE) are used to find out a comparison of the level of reliability in predicting the stock data. The results of this study are Sutte indicator could be used as a reference in predicting stock movements. Sutte indicator have a better level of reliability compared to two other indicators method SMA and MACD based on the MSE, MAD and MAPE.
Keywords: Stock Market; Sutte Indicator; Technical Analysis (search for similar items in EconPapers)
JEL-codes: C58 D53 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5) Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:eco:journ1:2017-02-30
Access Statistics for this article
International Journal of Economics and Financial Issues is currently edited by Ilhan Ozturk
More articles in International Journal of Economics and Financial Issues from Econjournals
Bibliographic data for series maintained by Ilhan Ozturk ().