Coding a Hexad Candlestick Pattern Scanner in TradingView — Candlestick patterns are a great addition to market analysis. Some may even consider them vital in research and trading. This article presents the Hexad pattern and shows how to code a scanner in TradingView that detects it. For the complete collection of candlestick patterns in detail with back-tests and technical…

Combining the Extreme Euphoria Pattern With Graphical Analysis — This article revisits a candlestick pattern called the Extreme Euphoria pattern, a contrarian configuration. The aim of the article is to filter the bad signals given by the pattern and to optimize them so that the expected reaction has a better probability of occurrence. The Fibonacci Trading Book is finally…

A Step-by-Step Guide to This Famous Indicator — Trading is a combination of four things, research, implementation, risk management, and post-trade evaluation. The bulk of what we spend our time doing is the first two, meaning that we spend the vast majority of the time searching for a profitable strategy and implementing it (i.e. trading). However, we forget…

Creating a Pattern Recognition Trading Strategy in TradingView — Pattern recognition is always an exciting field when it comes to financial research and trading. This article discusses a patterns-based strategy applied on a famous technical indicator. The Fibonacci Trading Book is finally out! Filled with Fibonacci-based trading methods (tools, indicators, patterns, and strategies), this book will guide you through…

Showing an Interesting Bollinger Bands Trading Technique — Bollinger bands represent one of the basic indicators to know in technical analysis. However, there are many ways of using it. This article presents a technique to be applied on Bollinger bands. The Fibonacci Trading Book is finally out! Filled with Fibonacci-based trading methods (tools, indicators, patterns, and strategies), this…

Coding the Elder Ray Index in Python — Trend following requires understanding the current market state in order to be on the right side. This article discusses the Elder Ray index, a popular trend following technical indicator. The Fibonacci Trading Book is finally out! Filled with Fibonacci-based trading methods (tools, indicators, patterns, and strategies), this book will guide…

Presenting and Trading the Shark Harmonic Pattern — Harmonic Patterns are one of the powerful advanced price action techniques that are used to detect reactions. The thing that works about Harmonic Patterns is that they use the confluence method, meaning that they expect reactions from clusters of certain levels defined by Fibonacci retracements. The reason they work has…

Discussing a New Technical Indicator and Coding it in TradingView — This article discusses one of the indicators of a set called the Rainbow Indicators which are structured and unique combinations of price-derived techniques aimed to help the trader predict reversals or to confirm the on-going trend. The indicator discussed is called the Blue indicator, a contrarian method based on the…

Coding an H Candlestick Pattern Scanner in TradingView — Candlestick patterns are a great addition to market analysis. Some may even consider them vital in research and trading. This article presents the H pattern and shows how to code a scanner in TradingView that detects it. The Fibonacci Trading Book is finally out! Filled with Fibonacci-based trading methods (tools…