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Pierre:
There are several books written on chart recognition, your library may have
some or can get them for you on interlibrary loan. I'm not into pattern
recognition but there have been programs written for this. I suspect that
they were no more successful than artificial intelligence and neural nets.
The chart patterns seem to be based on experience. They seem to work
probably because enough people follow them. As an academician you might be
able to get freebie copies from publishers and software houses for your
research.
Amazon.com seem to have the largest selection of books of any web site. You
might look there.
Its a bit early for Saratoga, but happy skiing!
Lionel Issen
lissen@xxxxxxxxxxxxxx
----- Original Message -----
From: "Pierre A. von Kaenel" <pierre@xxxxxxxxxxxxx>
To: <metastock-digest@xxxxxxxxxxxxxxxxxx>
Sent: Tuesday, November 27, 2001 1:27 PM
Subject: Pattern recognition using EOD quotes
> I've got a student who'll be doing an undergraduate senior thesis this
> spring and have been passing on ideas for thesis topics. One that crossed
> my mind recently is applying basic pattern recognition concepts to
> end-of-day quotes (open-hi-lo-end-volume) to find chart patterns such as
> trend lines, head & shoulders, double/triple tops and bottoms, etc. Would
> anyone know whether the algorithms used in some charting software to find
> some of these basic patterns were developed by trial-and-error methods or
> whether there are known theories or concepts used to devise algorithms?
I
> would prefer that the work be based on some known principles of pattern
> recognition rather than based on intuition. Of course, if there isn't any
> applicable theory to use as a foundation, perhaps the student can try to
> develop some basic principles.
>
> Thanks for any input.
>
>
> ***************************************************************
> Pierre A. von Kaenel
> Assoc. Prof., Math & Computer Science Dept.
> Skidmore College
> Saratoga Springs, NY 12866
>
> pierre@xxxxxxxxxxxxx
>
> "Simplify, simplify, simplify" - Thoreau
> ***************************************************************
>
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