How to Import OHLC Data from MetaTrader5 to Python for Analysis. — In research, we need the idea generation phase to have enough time to deliver good results and this cannot be done if we have a long process of transforming the ideas into visible results. One thing we can do is automating the import of historical data and this precisely the…

Creating & Evaluating the Dips Trading Strategy Using Python — One of the first things we are taught in trading 101 are moving averages. Their simplicity and efficiency as well as their scientific robustness is enough to make them one of the most appealing technical indicators. They belong to the overlay family as they are charted along the market price…

Presenting and Trading the Harmonic 5–0 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…

Coding the Rob Booker Reversal Indicator in Python — Some less-known indicator actually function pretty well. Among those indicator is Rob Booker’s Reversal Indicator which uses a special combination between the MACD oscillator and the Stochastic oscillator. This article discusses creating the indicator in Python. All credits go to Rob Booker. I have released a new book called “Contrarian…

Presenting the Volatility-Based Catapult Indicator in Python — Just like a catapult, this technical indicator is based on three systems which deal with Volatility (Acting as the fulcrum), Momentum (Acting as a payload propeller, and a Directional Filter (Acting as the support). The aim is to get a signal that predicts an acceleration of volatility based on previous…

Mean-Reversion Trading with Technical Indicators — We are constantly told about oversold and overbought levels as fixed numbers, but as markets move, so do their structure and statistical properties. We need to find a more objective and dynamic way to detect oversold and overbought levels on technical indicators. I have released a new book called “Contrarian…

Creating a Strategy Based on the Trend Intensity Index and the RSI — The Trend Intensity Index is a very underrated indicator. It can be used for trend-following and for contrarian trading. It can also be combined with the Relative Strength Index to form a more enhanced trading system as seen in this article. I have released a new book called “Contrarian Trading…

Creating and Coding the Stochastic Hull Oscillator in Python — The Hull moving average is an enhanced version that has slightly less lag than many other types of moving averages. We want to see if it helps improve the signals on the stochastic oscillator. We will introduce the Hull moving average and the stochastic oscillator separately and then see how…

Can the RSI and the Fisher Transform Provide Good Signals? — The relative strength index (RSI) is a great contrarian indicator. Similarly, the Fisher transform also can hint at possible market inflections. What if we try to combine the two together to give us a timely signal of when a reaction should occur. This means that we will use the RSI…