การศึกษากลยุทธ์การลงทุนโดยใช้เครื่องมือทางเทคนิค Zigzag กับรูปแบบ Higher high และ Lower low ในดัชนี Set50 Index Futures (Intraday Trading) / ปิยะพงษ์ ธิมา = Investment Strategy by Zigzag technique and Higher high & Lower low pattern : a case study of Set50 index futures (intraday trading) / Piyapong Tima
Nowadays the investment in derivatives is getting more interested from investors. Which one of the product is SET50 Index Futures. The average trading volume per day up to 73% (from 10,212 contracts in 2010 to 17,690 contracts in 2011) as a result of the investor as an alternative investment and risk management in portfolio. This study conducts the empirical study of using Zigzag indicator and Higher high and Lower low pattern for specific characteristics in SET50 Index Futures(Intraday Trading - timeframe 5, 15 and 60 minutes) between January 2,2008 to June 28, 2010. In this study percentage of Zigzag indicator was vary from 0.25 to 1.25% in each portfolio. The empirical tests resulted that the investment in SET50 Index Futures by using percentage of Zigzag indicator between 0.75 to 1.25% can generate profits and positive return. Investment in timeframe 15 minutes with 1.00% of zigzag indicator generates the highest return, followed by a timeframe 60 minutes and 5 minutes respectively. Furthermore, results show that the success rate of the technical tools used in conjunction with the model is in the range of 30-45%.