How to Create a Function that Fetches Market Sentiment Data.
Market sentiment is an extremely important part of trading. It allows us to understand the positioning of the players who potentially could move the markets. Knowing that the majority of hedge funds are bullish on an asset gives us more confidence to invest in it. Similarly, knowing that almost all of the hedge funds are bullish on an asset could give us a signal that the market may be overly bullish and that it is wiser to wait before investing or even be brave enough to initiate a contrarian position in case the fundamentals start to justify it.
In this…
Full Introduction on the Doppelgänger Candlestick Pattern.
Candlestick patterns deserve to be studied thoroughly and even though a strategy relying solely on them will be unstable and unprofitable, they can be a valuable addition into a full trading system that uses other techniques. In this article, we will see a full presentation and code of a three-candle reversal pattern.
I have just published a new book after the success of the previous book titled New Technical Indicators in Python. The new book features a more complete description and addition of strategies with a Github page dedicated to the code (being constantly populated and updated). …
Creating a Trading Strategy Based on Temporal Analysis.
Temporal analysis is related to the concept of time. In technical analysis, we are often more concerned with levels and how extreme they regarding normality. In this article, we will try to elaborate a simple idea that is based on both time and extreme readings on technical indicators so that we see whether it offers quality signals or not.
We will create the indicator, formulate the strategy, and then evaluate it using the signal quality metric which is a neutral way of evaluating the predictability of the strategy.
I have just published a new book after the success of the…
Transforming the RSI Into a Candlestick Indicator Using Python.
Candlestick charting does not have to be limited to price data. What if it can be used on technical indicators so that start testing some new pattern recognition techniques? In this article, the RSI is looked at from the perspective of a simple candlestick chart where trading signals are derived. The basic idea is to start thinking about finding a robust strategy that uses the technique of applying candlesticks to technical indicators in order to find either hidden patterns or trend reversal confirmation signals.
I have just published a new book after the success of the previous book titled New…
Full Introduction on the On Neck Candlestick Pattern.
Candlestick patterns deserve to be studied thoroughly and even though a strategy relying solely on them will be unstable and unprofitable, they can be a valuable addition into a full trading system that uses other techniques. In this article, we will see a full presentation and code of a two-candle reversal pattern.
I have just published a new book after the success of the previous book titled New Technical Indicators in Python. The new book features a more complete description and addition of strategies with a Github page dedicated to the code (being constantly populated and updated). …
Creating a Strategy on the S&P500 Using the Composite Index in Python.
Sentiment Analysis is a vast and promising field in data analytics and trading. It is a rapidly rising type of analysis that uses the current pulse and market feeling to detect what participants intend to do or what positions they are holding.
Imagine you are planning to go see a movie and you want to anticipate whether this movie will be good or not, therefore, you ask many of your friends — whom have already seen the movie — about their opinions. Assuming 75% said the movie was good, you will have a certain confidence level that you will like…
Full Introduction on the Euphoria Candlestick Pattern.
Candlestick patterns deserve to be studied thoroughly and even though a strategy relying solely on them will be unstable and unprofitable, they can be a valuable addition into a full trading system that uses other techniques. In this article, we will see a full presentation and code of a three-candle reversal pattern.
I have just published a new book after the success of the previous book titled New Technical Indicators in Python. The new book features a more complete description and addition of strategies with a Github page dedicated to the code (being constantly populated and updated). …
Performing Lightning Calculations in Our Minds.
Mental math is one of those wonderful skills that are equally beneficial to us whether professionally or personally. Being able to make lightning calculations in our heads with accuracy is appealing and much easier than one might expect. Below are some tricks and shortcuts to perform mental operations. If you like numbers, then this article might also interest you:
Squaring Numbers Ending in 5.
When squaring two-digit numbers that end in 5, the result will have 25 as the last number while the left part will be n x (n+1). Hence, 85 x 85 = (8 x 9) and 25 giving us a result of…
Full Introduction on the Inside Up/Down Candlestick Pattern.
Candlestick patterns deserve to be studied thoroughly and even though a strategy relying solely on them will be unstable and unprofitable, they can be a valuable addition in a full trading system that uses other techniques. In this article, we will see a full presentation and code of a three-candle reversal pattern.
I have just published a new book after the success of the previous book New Technical Indicators in Python. The new book features a more complete description and addition of strategies with a Github page dedicated to the code (being constantly populated and updated). …
How to Code and Trade the Aroon Oscillator Using Python
Trend-following also deserves to be studied thoroughly as many known indicators do a pretty well job in tracking trends. It is known that trend-following strategies has some structural lags in them due to the confirmation of the new trend. They are more about time in the market than timing the market. In this article, a very known indicator is presented and coded, the Aroon Oscillator.
I have just published a new book after the success of the previous book titled New Technical Indicators in Python. The new book features a more complete description and addition of strategies with a Github…
