An Empirical Study of Technical Indicator in TSCE

[[abstract]]股市近年來在金融市場一直是重要的課題，如何提高報酬率一直是研究的重點，本篇文章主要以技術指標來判斷買賣時機，採用的技術指標主要有二個分別為MACD及KD指標，找出最適合技術指標的參數值去購買台灣五十指數會有最大的報酬率。接者在固定MACD指標的參數下找出最佳的KD指標參數作雙指標的買賣交易法則。以2007年的臺灣50指數為研究對象進行實證研究，研究結果以單一指標來看，MACD指標在參數（34 46 9）之下報酬率為最高， KD指標（九日線）在K值向上突破D值且D值在40以下買進，K值向下跌破D值且D值在85以上賣出時報酬率為最高。以雙指標來看在MACD指標在參數（12 26 9）之下和KD指標（九日線）在K值向上突破D值且D值在60以下買進，K值向下跌破D值且D值在50以上賣出時報酬率為最高。[[abstract]]Recently stock markets are an important topic in financial markets In this research we emphasis on “how to rise return on investment ROI” The article mainly introduces a suitable time for commerce by analyzing technical indicator We take mainly two technical indicator MACD and KD Then we try to find out what parameters result in the highest return when buying TSCE Finally combining two indicators into dual-indexed rule of commerce we do empirical study of TSCE in 2007 Research result shows that the highest return rate as MACD indicator of parameter is（34 46 9） As far as KD indicator is concerned when we bought as K-value break through up to D-value and D-value is below 40 and sold as K-value break through down to D-value and D-value is above 85 we had the highest return As for dual-indicators we had the most return when MACD of parameter is（12 26 9）and in KD indicator we bought as K-value breakthrough up to D-value and D-value is below 60 and we sold as K-value break through down to D-value and D-value is above 5