Author(s):
Meysam Haddadi^a, Amir Abbas Shojaie^b, Mina Moghaddaszadeh^c

Author Affiliation:
School of Industrial Engineering, Islamic Azad University, Tehran South Branch, Tehran, Iran

This is an open access article distributed under the Creative Commons Attribution License CC BY 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited

One way for prediction the behavior of a share price in the Stock Market is utilizing the technical analysis method. Using indices is the main instrument for technical analysis. Every index in this analysis has some defects which cause sending wrong signals, for reducing this error in the market; we proposed a new consolidated index by weighting indices based on the profit and loss in capital market. The dealing according to new index is more reliable. Over the time, change in weighting the new index is possible and it cause changing prices flow in capital market.

KEYWORDS:
technical analysis; index; stock price; weighting