Introduction
The bull–bear line is a commonly used reference for mid- to long-term investment. If the current market price is above the bull-bear line, the market economy is believed to be doing good, which suggests a buy signal. On the other hand, a sell signal is suggested when the market price drops below the bull-bear line.
The 250-day moving average line is usually treated to be the bull-bear line. However, many financial analysts argued that there is a continuos transition between bull and bear markets. There should not be a single reference that could be applicable to all markets and underlyings.
This API proposed a new methodology to estimate the bull-bear line using a dynamic Support Vector Machine (SVM) approach. It allows more accurate and generic estimation for different underlyings and market indices. Interested people can visit my thesis here.
Created on : 2023-01-25 07:50:44
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