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Do candlestick patterns work on their own? A systematic FX back-test using Python.
Approaching candlesticks in a systematic way.
Throughout the huge field of pattern recognition trading, we find some very popular technical patterns that always come up in every technical analysis class, but do they really work? That is, on their own. Remember that, when we say a bullish candle, we refer to a green-colored (or a white one) one and the same thing goes with bearish candles (red or black body).
I have just published a new book after the success of New Technical Indicators in Python. It features a more complete description and addition of complex trading strategies with a Github page dedicated to the continuously updated code. If you feel that this interests you, feel free to visit the below link, or if you prefer to buy the PDF version, you could contact me on Linkedin.
INTRODUCTION TO CANDLESTICK PATTERNS
Dark-cloud
This is a bearish pattern formed from two candles. The first candle is a bullish…
