Use of piecewise-linear approximation to identify trends in the financial market

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Authors: Borovskoy I. G., Kosteley Ya. V.

Annotation: The paper considers the problem of constructing the model for estimating price changing trend in the stock market. A tool is proposed that makes possible, with the help of piecewiselinear approximation, to form trend model that is convenient for detecting graphic formations of technical analysis.

Keywords: piecewise-linear approximation, trend analysis, technical analysis, graphic formations, trader patterns