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All Journal JRAK: Jurnal Riset Akuntansi dan Komputerisasi Akuntansi
T. Syifa Fadrizha Nanda
Universitas Negeri Islam Ar-Raniry
Economics, Econometrics & Finance

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Penerapan Konsep Divergence pada Indikator Momentum MACD T. Syifa Fadrizha Nanda
JRAK: Journal of Accounting Research and Computerized Accounting Vol 13 No 2 (2022): JRAK: Jurnal Riset Akuntansi & Komputerisasi Akuntansi
Publisher : Jurusan Akuntansi Fakultas Ekonomi Universitas Islam 45

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33558/jrak.v13i2.4579

Abstract

Technical analysis was designed to provide historical information on price movements and serves as a tool for both investors and traders to capture ​​price movements in a market in order to forecast the possibilities of what might happen in the future. This study aims to test the performance of the momentum indicator (MACD) on identifying changes in market trends, by applying the concept of divergence between price movements and momentum indicator developments. This study is an applied research on the concept of divergence using a quantitative approach. Cross-sectional data from market movements (IDX) and indicators movements on the MACD oscillator during 2014-2021 (8 years) on daily time frame were used in this study. Observations on indicator movements and price movements are performed to detect divergence generated by MACD line and histogram using 26, 12, and 9 MACD parameters. Tradingview charting platform was used as a tools to analysis. This study prove that the divergence signal on MACD oscillators can be relied on to detect changes in the strength of the price movement trends. Furthermore, this study concludes that this signal can be used as an early warning signal to anticipate changes in trends. Keywords: Divergence; Momentum Indicator; MACD; Technical Analysis.
Menguji Konsep Hidden Divergence pada Indikator Momentum Relative Strength Index T. Syifa Fadrizha Nanda
JRAK: Journal of Accounting Research and Computerized Accounting Vol 15 No 1 (2024): JRAK: Jurnal Riset Akuntansi & Komputerisasi Akuntansi
Publisher : Jurusan Akuntansi Fakultas Ekonomi Universitas Islam 45

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33558/jrak.v15i1.7935

Abstract

Due to the lack of empirical research exploring the application of the hidden divergence concept, this study aimed to evaluate the reliability of hidden divergence signals generated by momentum indicators to identify changes in the direction of price movements in the Indonesian Sharia Stock Index (ISSI). Time series data on daily movements of the Indonesian Sharia Stock Index (ISSI) from May 2011 to May 2023 are employed to observe the confirmation between price movements and the relative strength index (RSI) momentum indicator in order to identify hidden divergence signals. This study simulates a trading system using a technical analysis approach to see if hidden divergence signals could be relied on to forecast price movements. According to the findings of this study, price changes in a market can be predicted by studying the initial signs produced by the relative strength index (RSI), specifically when it forms a hidden divergence signal as an early warning in projecting future market movements.
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