Sutte Indicator: A Technical Indicator in Stock Market

International Journal of Economics and Financial Issues, Volume 7, Issue 2, 2017

2 Pages Posted: 28 Feb 2017

See all articles by Ansari Ahmar

Ansari Ahmar

Departement of Statistics, Universitas Negeri Makassar

Date Written: 2017

Abstract

This study aims at development of the technical indicator in Stock Market as Sutte indicator. Sutte indicator in stock trading that will assist in the investment decision-making process which is to buy or sell stocks. This study took data from PT. Astra Agro Lestari Tbk. Which is listed in the Indonesia stock exchange in the period of 5 April 2001 - 20 September 2016. To find out the performance of Sutte indicator, two other technical analysis are used as a comparison, they are simple moving average (SMA) and moving average convergence/divergence (MACD). The mean of square error (MSE), mean absolute deviation (MAD), and mean absolute percentage error (MAPE) are used to fnd out a comparison of the level of reliability in predicting the stock data. The results of this study are Sutte indicator could be used as a reference in predicting stock movements. Sutte indicator have a better level of reliability compared to two other indicators method SMA and MACD based on the MSE, MAD and MAPE.

Keywords: Stock Market, Sutte Indicator, Technical Analysis

JEL Classification: C58, D53

Suggested Citation

Ahmar, Ansari, Sutte Indicator: A Technical Indicator in Stock Market (2017). International Journal of Economics and Financial Issues, Volume 7, Issue 2, 2017, Available at SSRN: https://ssrn.com/abstract=2924309

Ansari Ahmar (Contact Author)

Departement of Statistics, Universitas Negeri Makassar ( email )

Kampus UNM Parangtambung
Jl. Mallengkeri Raya
Makassar, ID South Sulawesi 90222
Indonesia

HOME PAGE: http://www.unm.ac.id

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