Proceedings of the 19th International Symposium on Management (INSYMA 2022)

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Optimal Return Analysis Using Ichimoku Kinko Hyo on the LQ45 Indonesia Stock Exchange

Authors
Elon Losman1, *, Isfenti Sadalia1, Chairul Muluk1
1Universitas Sumatera Utara, Medan, Indonesia
*Corresponding author. Email: elon_losman@yahoo.com
Corresponding Author
Elon Losman
Available Online 5 December 2022.
DOI
10.2991/978-94-6463-008-4_22How to use a DOI?
Keywords
Optimal return; Technical analysis; Ichimoku Kinko Hyo
Abstract

One of the indicators used in technical analysis to analyze stock trends is Ichimoku Kinko Hyo. Ichimoku Kinko Hyo itself has four components: Tenkan Sen, Kijun Sen, Chikou Span, and Kumo. The four components can be used independently, in pairs, or as a whole. This study aims to analyze the rate of return of the variation of the Ichimoku Kinko Hyo component on the LQ45 Indonesia Stock Exchange and determine the type of variation that provides the optimal rate of return. This study used a qualitative method using secondary data types: chart images of issuers registered in LQ45 with the Neo HOTS application from January 2020 to December 2021. The sample was taken with the criteria: issuers must stay in LQ45 from January 2020 to December 2021. Data processing was carried out by backtesting simulations based on buy and sell signals generated by each Ichimoku Kinko Hyo component variation. Then, the return, Mean Absolute Deviation, and the number of issuers that generate profits from each of these variations were calculated to see the type of variation that gives the optimal return. The results of this study indicate that the least optimal return is generated from the use of the entire Ichimoku Kinko Hyo component, and the most optimal return is generated from the use of the Chikou Span component.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 19th International Symposium on Management (INSYMA 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
5 December 2022
ISBN
978-94-6463-008-4
ISSN
2352-5428
DOI
10.2991/978-94-6463-008-4_22How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Elon Losman
AU  - Isfenti Sadalia
AU  - Chairul Muluk
PY  - 2022
DA  - 2022/12/05
TI  - Optimal Return Analysis Using Ichimoku Kinko Hyo on the LQ45 Indonesia Stock Exchange
BT  - Proceedings of the 19th International Symposium on Management (INSYMA 2022)
PB  - Atlantis Press
SP  - 165
EP  - 170
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-008-4_22
DO  - 10.2991/978-94-6463-008-4_22
ID  - Losman2022
ER  -