NEW YORK, NY (May 25, 2021) – The CMT Association announced on Tuesday that Makenna Barbara, an Acquisitions Analyst at MDH Partners, is the winner of the 2021 Charles H. Dow Award. Makenna is the third woman in the last 25 years to win this prestigious award, which recognizes leading-edge technical research that serves to advance industry perception of technical tools.
Ms. Barbara received this recognition for her recent research, entitled “The Efficacy of Modified Momentum Based Technical Indicators on U.S. Equities: A Study of Parabolic SAR,” which applies new parameters to well-known indicators to reveal a modernized perspective on their execution.
“The Dow Award Committee judges were unanimous in their view that Makenna wrote an excellent paper that is well-deserving of the award,” said Tim Hayes, chairman of the CMT Association’s Dow Award Committee.
In her research, Ms. Barbara re-examines the Parabolic Stop and Reverse (PSAR) strategy, using it as the basis to develop a Modified PSAR strategy. She compares the effectiveness of this modified strategy to Buy-and-Hold returns over the research period to reach conclusive, informative results.
“Winning this award is an unbelievable honor,” said Ms. Barbara. “I was only recently introduced to the field of technical analysis, so this was entirely unexpected, but it has no doubt inspired me to keep learning and asking questions; in all facets of my life!”
The winning paper is now available to read in full on the CMT Association website after its release on social media on May 25th. The archives of previous award-winning papers are also accessible to the public on the CMT Association’s Dow Award page.
Since 1994, the CMT Association has presented the Charles H. Dow Award for excellence and creativity in technical analysis. This Award represents the most significant competition for recognition in the field of technical analysis. The papers honored with the Award have historically represented the richness and depth of the technical analysis discipline.