%0 Journal Article
	%A S. Mahmoodzadeh and  J. Shahrabi and  M. A. Torkamani and  J. Sabaghzadeh Ghomi
	%D 2007
	%J International Journal of Economics and Management Engineering
	%B World Academy of Science, Engineering and Technology
	%I Open Science Index 6, 2007
	%T Estimating Correlation Dimension on Japanese Candlestick, Application to FOREX Time Series
	%U https://publications.waset.org/pdf/8276
	%V 6
	%X Recognizing behavioral patterns of financial markets
is essential for traders. Japanese candlestick chart is a common tool to
visualize and analyze such patterns in an economic time series. Since
the world was introduced to Japanese candlestick charting, traders
saw how combining this tool with intelligent technical approaches
creates a powerful formula for the savvy investors.
This paper propose a generalization to box counting method of
Grassberger-Procaccia, which is based on computing the correlation
dimension of Japanese candlesticks instead commonly used 'close'
points. The results of this method applied on several foreign
exchange rates vs. IRR (Iranian Rial). Satisfactorily show lower
chaotic dimension of Japanese candlesticks series than regular
Grassberger-Procaccia method applied merely on close points of
these same candles. This means there is some valuable information
inside candlesticks.
	%P 260 - 264