A New Approach to Technical Analysis of Oil Prices

Turkish Journal of Mathematics and Computer Science Pub Date : 2023-06-30 DOI:10.47000/tjmcs.1117784

M. Akbıyık, Seda Yamaç Akbiyik, Ümit Tura, Elif Erer, Mehtap Çaliş, Ferudun Kaya

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Abstract

The aim of this study is to investigate the oil prices, which have crucial impact of an economy, using new ratios called Nickel ratios instead of the golden ratios on technical analysis. The Nickel ratios are developed considering Nickel Fibonacci sequence. This study is the first to use Nickel ratios in technical analysis in economics and finance. In this study, graphs comprising of weekly, daily, $4-$hour and $30-$minute periods are analyzed using Nickel ratios in Fibonacci retracement, fan, arcs and time zones applications, and the results are compared with the golden ratio obtained from the Fibonacci number sequence. In addition, the support and resistance points obtained from Nickel ratios have more significant levels than the golden ratio. The retracement, fan, arcs and time zones graphs with weekly, daily, four hourly and half-hourly data based on the golden and Nickel ratios show that the levels regarding the Nickel ratios confirm more significant points in comparison with the levels regarding the golden ratios. Finally, more efficient results are observed when the ratios of golden and Nickel are considered together.

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石油价格技术分析的新方法

本研究的目的是调查石油价格，这对经济有至关重要的影响，在技术分析中使用新的比率称为镍比率，而不是黄金比率。考虑镍斐波那契数列，发展了镍比。本研究首次将镍比应用于经济学和金融学的技术分析。在本研究中，使用斐波那契回撤、扇形、弧线和时区应用中的镍比率分析了由周、日、4- 1小时和30- 1分钟周期组成的图表，并将结果与斐波那契数列中获得的黄金比例进行了比较。此外，镍比得到的支撑点和阻力点比黄金比有更显著的水平。基于黄金和镍比率的周、日、四小时和半小时数据的回撤、扇形、弧线和时区图表明，与黄金比率水平相比，镍比率水平确认了更重要的点。最后，当同时考虑金和镍的比例时，观察到更有效的结果。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Turkish Journal of Mathematics and Computer Science

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