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

Terence Tai Leung Chong and Wing-Kam Ng

Applied Economics Letters, 2008, vol. 15, issue 14, 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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DOI: 10.1080/13504850600993598

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