The study of financial market volatility has focused on the unexpected and expected components of news (Vortelinos, 2015; Omrane and Hafner, 2015). We incorporate the role of biases arising from the 'availability' of recent outcomes to the traders, in influencing trading decisions. The theory of...

The profitability of technical analysis is supported by empirical studies and anecdotal evidence from traders. A host of empirical studies have shown that technical analysis generates excess returns, eschewing the academic distrust of it (Pinches, 1970, Menkoff & Taylor, 2007, Surajaras and...

To trade effectively and profitably, we must understand the trend in the market. While a plethora of popular technical analysis indicators attempt to provide a greater understanding of the trend in the market, they are limited in signaling both trend generation and momentum. Based on the...