Existing candlestick analysis methods were analyzed in the previous article. We found out that they are not universal and are not suitable for all conditions. On the contrary, before using them, you should perform additional verification for the specific financial instrument, timeframe etc. I.e. for the conditions in which the patterns will be used. The specifically designed approach also enables the individual analysis of each pattern for a selected financial instrument or a set ...
The power of ZigZag (part II). Examples of receiving, processing and displaying data Contents IntroductionIndicators defining the price behavior FrequencyChangeZZ indicatorSumSegmentsZZ indicatorPercentageSegmentsZZ indicatorMultiPercentageSegmentsZZ indicatorEA for collecting and displaying statisticsCounting the number of segments by sizeCounting the number of segments by durationSome details of working with the graphical interface ...
Candlestick analysis appeared more than 20 years ago and has since become quite popular. Many traders consider Japanese candlesticks the most convenient and easily understandable asset price visualization form. The similar bar format does not provide enough visual data. Japanese candlesticks are more convenient in terms of setup and display of candlestick body colors and thus provide a better visualization of market developments. Table ...
Correlation is a statistical relationship between two or more random variables (or quantities which can be considered random with some acceptable degree of accuracy). Changes in one ore more variables lead to systematic changes of other related variables. The mathematical measure of the correlation of two random variables is the correlation coefficient. If a change in one random variable does not lead to a regular change in the other random variable but leads to a change in another statistical characteristic ...
The power of ZigZag (part I). Developing the base class of the indicator Contents IntroductionExtended ZigZag indicator versionClass for clarifying ZigZag indicator dataVisualizing the obtained data setEA for testing the obtained resultsResuming the development of the CZigZagModule classConclusion Many researchers simply skip or do not pay enough attention to determining the price behavior. At the same ...
Go to Profile
Mark as Read
