Efficiency analysis of different indicator combinations: Technical analysis application in Borsa Istanbul

Capital markets are markets that offer investors an opportunity to earn, provide financing to publicly traded companies, reduce risk factors in international trade, and offer many different products to the use of investors. Investors have to make use of various analyzes when deciding on the stock purchase and sale stages they make in order to make a profit. Technical analysis, which assists investors in making decisions at these stages, is an analysis method used to predict the direction of possible future price movements by making use of historical data. Technical analysis is an important type of analysis in terms of guiding investors in their buy-sell decisions through indicators. With the emergence of programs that process and analyze financial data very quickly with technological developments, the application of technical analysis is now expressed in seconds. The main purpose of this study is to measure portfolio efficiency in different combinations of technical analysis indicators in stock trading. In this context, different combinations of selected indicators were analyzed with the System Tester section of the Matrix Prime program and the results were compared..