A New Approach to Technical Analysis of Oil Prices

dc.authorscopusid57163379200
dc.authorscopusid57216980757
dc.authorscopusid59304796600
dc.authorscopusid57233259200
dc.authorscopusid6506139664
dc.authorscopusid53863468400
dc.contributor.authorAkbıyık, Mücahit
dc.contributor.authorAkbıyık, Seda Yamaç
dc.contributor.authorTura, Ümit
dc.contributor.authorErer, Elif
dc.contributor.authorÇalış, Mehtap
dc.contributor.authorKaya, Ferudun
dc.date.accessioned2024-09-25T19:45:04Z
dc.date.available2024-09-25T19:45:04Z
dc.date.issued2023
dc.departmentAbant İzzet Baysal Üniversitesien_US
dc.description.abstractThe 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. © MatDer.en_US
dc.identifier.doi10.47000/tjmcs.1117784
dc.identifier.endpage156en_US
dc.identifier.issn2148-1830
dc.identifier.issue1en_US
dc.identifier.scopus2-s2.0-85202571734en_US
dc.identifier.scopusqualityN/Aen_US
dc.identifier.startpage145en_US
dc.identifier.trdizinid1184107en_US
dc.identifier.urihttps://doi.org/10.47000/tjmcs.1117784
dc.identifier.urihttps://search.trdizin.gov.tr/tr/yayin/detay/1184107
dc.identifier.urihttps://hdl.handle.net/20.500.12491/12832
dc.identifier.volume15en_US
dc.indekslendigikaynakScopusen_US
dc.indekslendigikaynakTR-Dizinen_US
dc.language.isoenen_US
dc.publisherAssociation of Mathematicians (MATDER)en_US
dc.relation.ispartofTurkish Journal of Mathematics and Computer Scienceen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.snmzYK_20240925en_US
dc.subjectFibonacci retracementen_US
dc.subjectNickel ratiosen_US
dc.subjectoil pricesen_US
dc.subjectTechnical analysisen_US
dc.titleA New Approach to Technical Analysis of Oil Pricesen_US
dc.typeArticleen_US

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