Stocks & Commodities V. 28:12 (52-57): The Market Instrument Function by A. Ershov and A. Gerasimov

Stocks & Commodities V. 28:12 (52-57): The Market Instrument Function by A. Ershov and A. Gerasimov
Item# 237ERSHPDF
Availability: In Stock

Product Description

The Market Instrument Function by A. Ershov and A. Gerasimov

Can you really determine future price movement? This unique method tries to do just that by analyzing collective patterns that form in a market.

Financial market analysts often attempt to predict the behavior of a specific financial asset and provide recommendations for investors. But for practical reasons, the prediction horizon is frequently limited to several months, if at all. As a result, although the current price levels may be well understood, how that financial asset achieves a level may never be mentioned.

In forecasts prepared by analysts, oftentimes the data on the price chart corresponding to the last trading day is missing. We offer an approach that allows you to calculate this missing data with a prediction horizon that varies from three to nine years, depending on the security.

Modern technical analysis may only be able to advise you on what should be done at a specific point for a given day or hour, but it doesn’t say much about the general future behavior of an asset. Accordingly, trading systems are intrinsically probabilistic, based upon similar principles. This allows us to analyze the trading systems instead of a financial market, which does not help us to establish collective patterns of future behavior for prices.


Consider one of the possible models of a marketplace based on these criteria: • At any given time, any market asset is characterized by its price level and the way this level has been reached. The asset can be described by a graph showing all the price changes.

• The set of laws affecting price formation can be separated into an isolated unit. Graphically, this can be represented by a device that generates its current price using its own inner laws.

*Note: $2.95-$5.95 Articles are in PDF format only. No hard copy of the article(s) will be delivered. During checkout, click the "Download Now" button to immediately receive your article(s) purchase. STOCKS & COMMODITIES magazine is delivered via mail. After paying for your subscription at users can view the S&C Digital Edition in the subscriber's section on

Take Control of Your Trading.
Professional Traders' Starter Kit
All these items shown below only $299.99!
  • 5-year subscription to Technical Analysis of STOCKS & COMMODITIES, The Traders' magazine. (Shipping outside the US is extra. Washington state addresses require sales tax based on your locale.)
  • 5 year access to S&C Archive
  • 5 year access to S&C Digital Edition
  • 5-year subscription to Advantage.
  • 5-year subscription to Working Money.
  • Free book selection.
  • Click Here to Order