Detollenaere, Benoit; Mazza, Paolo - In: Journal of Banking & Finance 48 (2014) C, pp. 386-395
In this paper, we investigate whether Japanese candlesticks can help traders to find the best trade-off between market timing and market impact costs. Based on fixed-effect panel regressions on a sample of 81 European stocks, we show that implicit transaction costs are better characterized by...