PERBANDINGAN RETURN PENGGUNAAN MOVING AVERAGE CONVERGENCE DIVERGENCE DAN RELATIVE STRANGE INDEX PADA INDEKS SAHAM SYARIAH INDONESIA

Fadrizha Nanda, T.Syifa
Dianah, Azimah

Journal of Sharia Economics
Vol. 5 No. 2 (2024): Islamic Finance

This study compares the return levels from the use of the technical indicators Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) applied to the simulation of the movement of the Indonesia Sharia Stock Index (ISSI). This research is a population study using panel data in the form of daily closing values over 12 years of the Indonesia Sharia Stock Index movement. The data was processed using a technical analysis approach with two momentum indicators, MACD and RSI, to obtain buy and sell signals based on the principles of each indicator, applied to the ISSI. The use of the MACD and RSI technical indicators on the ISSI shows that MACD yielded a profit of 207% with a success rate (win rate) of 72%, while RSI provided a profit of 125% with a win rate of 55%.