REASSESSING TECHNICAL ANALYSIS IN EMERGING MARKETS: A 20-YEAR STUDY OF MECHANICAL TRADING RULES AND MARKET EFFICIENCY ON THE LQ45 INDEX
This study conducts an empirical re-evaluation of the effectiveness of technical analysis within the framework of the Efficient Market Hypothesis (EMH) in an emerging market setting. Utilizing a comprehensive two-decade daily dataset (2006–2025) of the Indonesian LQ45 Index, the research simulates a mechanical trading...