文档介绍：华中科技大学硕士学位论文
摘要
随着中国经济的高速发展,证券市场作为一个多元化投融资的平台,受到了广
泛的关注。金融风暴席卷全球,掀动全球股市、汇市巨幅波动,创下历史记录。华
尔街金融公司纷纷倒闭,冰岛几乎破产,亚洲再一次面临经济危机,中国股市也遭
受巨大打击。证券市场的特性之一波动性淋漓尽致表现于此。即使在这种背景下,
大量的投资者仍然对于投资决策,特别是技术分析有着浓厚兴趣。
技术分析的理论发展已经有几百年的历史,其地位越来越得到广大投资者的认
同,在实际的交易中也越发具有指导意义。大量的实证分析表明,我国证券市场处
于弱有效状态,投资者几乎无法利用过去股价相关信息获取超额利润。但事实上,
技术分析虽不能作为行走于我国资本市场的制胜法宝,但至少说明,现阶段在我国
资本市场尚不完善的前提下,技术分析具有一定程度的有效性。技术分析是用来分
析价格未来变化趋势的方法,只有准确的判断市场的运动趋势,才能够在市场中生
存。本文将具体阐述技术分析的理论包括:道氏理论、波浪理论、形态理论、趋势
线理论、K 线理论和缺口理论,并对这六种理论的使用范围、技巧、实际操作中的困
难进行深入的探讨和实例分析,最后对技术分析计算机化指标进行探讨,希望能为
投资者提供有价值的参考。
另外,金融领域计算机化的技术分析的发展虽然时间不长,但已开始显现强大
的应用前景,而且此课题已引起国际金融界的普遍关注。如果投资者能够根据不同
情况结合理论与实战编写或利用公式,在计算机辅助下做出交易策略,很可能减少
因情绪的波动做出错误的选择所带来的损失。本文结合实际操作设计编写了两套指
标公式,能为投资者的实际交易提供信号。同时,本文认为成熟过硬的看盘功夫,
良好的心态,正确的理念,完好的策略才是最重要,软件永远是隶属工具。

关键词:技术分析股票指标公式道氏理论

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华中科技大学硕士学位论文
Abstract
While China delivered rapid economic growth, the stock market has attracted serious
attention as a diversified platform for investing and financing. The hurricane howling
through the world's financial markets sweeps the world’s stock markets and foreign
exchange markets which makes a historic record. Financial firms in Wall Street have
collapsed one after another, Iceland has nearly suffered bankruptcy. Asia is facing another
economical crisis again, and Chinese stock markets have been badly affected too.
Volatility as one of the stock market’s traits has been represented fully under such
circumstances. Even in this case, lots of investors still have great interest in investment
decision-making especially in technical analysis.
The theory of Technical Analysis has been developed for hundreds of years, and it’s
status is more and more recognized by the majority of investors and it’s directive
significance es more and more important in practical business. Lots of empirical
analysis shows that Chinese securities business now is in a state of weak efficiency.
Investors can’t use former relevant information about share