Tag Archives: candlestick

What the most accurate candlestick pattern for market reversal

 

As explained in the past, I find this is a decent way to measure market reversal with these candlestick patterns. refer to these links

Reliable candlestick patterns for TA-Lib pattern recognition acts as a bullish reversal

How to use moving averages for potential market reversal in algo trading

These are the most common scan which SOME appear to be reliable:

Separating Lines

3 Outside

Marubozu (I will keep tit)

Matching Low

Hammer

Inverted Hammer

I had to remove these patterns as I question the lower reliability potential:

Haramicross

Rickshawman

There is nothing really nothing conclusive but I have filtered it down to 6 patterns that may ‘work’. Apparently these are more reliable and common according to thepatternsite.com.

Automated head and shoulders indicator webinar for May 23 at 7 PM EDT

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Reliable candlestick patterns for TA-Lib pattern recognition acts as a bullish reversal

Highly reliable candlestick patterns for TA-Lib pattern recognition functions. You can work with these with Python.

Some of these acts as a bullish reversal. I have a compiled most TA-Lib pattern recognition with potential. Some are very accurate so I may test them in the easy programming demo I showcased in my last posting. Let me work with the ones that work instead of coding the Adam and Eve pattern. 

This is from https://mrjbq7.github.io/ta-lib/func_groups/pattern_recognition.html

TA-LIB FUNCTIONS compiled reviewing

CDL2CROWS←-medium reliable

http://thepatternsite.com/TwoCrows.html

CDL3BLACKCROWS← pattern acts as a bearish reversal of the upward price trend and the overall performance is outstanding.

http://thepatternsite.com/ThreeBlackCrows.html

CDL3STARSINSOUTH<-Bullish reversal 86% of the time but rare

http://thepatternsite.com/ThreeStarsSouth.html

CDL3INSIDE←- rare bug highly reliable 
http://thepatternsite.com/ThreeLineStrikeBull.html

CDL3OUTSIDE← rare but decent performance

http://thepatternsite.com/ThreeOutsideUp.html

CDL3OUTSIDE← frequent bullish reversal but very works well

http://thepatternsite.com/ThreeOutsideUp.html

http://thepatternsite.com/ThreeLineStrikeBull.html

CDL3WHITESOLDIERS← It acts as a bullish reversal 82% of the time, 

http://thepatternsite.com/ThreeWhiteSoldiers.html

CDLADVANCEBLOCK “near random” range of 51% to 59%

http://thepatternsite.com/AdvanceBlock.html

CDLADVANCEBLOCK

http://thepatternsite.com/AbandonBabyBull.html

CDLBELTHOLD ← It acts as a bullish reversal often

http://thepatternsite.com/BeltHoldBull.html

CDLBREAKAWAY L← bearish reversal 63% of the time

http://thepatternsite.com/BearBreakaway.html

CLOSINGMARUBOZU  ← (candlestick acts as a continuation pattern 55% of the time not so reliable)

http://thepatternsite.com/ClosingWhiteMarubozu.html

CDLCONCEALBABYSWALL rare

http://thepatternsite.com/ConcealBaby.html

CDLDARKCLOUDCOVER-let it form after break, it is useful

http://thepatternsite.com/DarkCloudCover.html

 

CDLDOJISTAR← maybe reliable if Doji Evening Star

http://thepatternsite.com/EveningDojiStar.html

 

DRAGONFLYDOJI ← can be ignored

http://thepatternsite.com/Dragonfly.html

 

CDLENGULFING ←sort of common

http://thepatternsite.com/BullEngulfing.html

 

CDLEVENINGDOJISTAR -respectable

http://thepatternsite.com/EveningDojiStar.html

CDLEVENINGSTAR -highly reliable as market reversal

http://thepatternsite.com/EveningStar.html

CDLGAPSIDESIDEWHITE -medium performance but maybe not effective

http://thepatternsite.com/SidebySideWhiteLinesBull.html

CDLGRAVESTONEDOJI ←nothing special

http://www.thepatternsite.com/Gravestone.html

CDLHAMMER ←-highly respected

http://thepatternsite.com/Hammer.html

CDLHANGINGMAN←not so strong

http://thepatternsite.com/HangingMan.html

CDLHARAMI← works half the time

http://thepatternsite.com/HaramiBull.html

CDLHARAMICROSS ← good potential

http://thepatternsite.com/HaramiCrossBull.html

CDLHIKKAKE ← mid list performance

http://thepatternsite.com/HighWave.html

CDLHOMINGPIGEON← bearish continuation 56% of the time but realiable

http://thepatternsite.com/HomingPigeon.html

IDLIDENTICAL3CROWS← not reliable

http://thepatternsite.com/Identical3Crows.html

CDLINNECK← bearish continue but works half time but highly listed

http://thepatternsite.com/InNeck.html

CDLINVERTEDHAMMER← very reliable for bear continuation

http://thepatternsite.com/HammerInv.html

CDLKICKINGBYLENGTH← works half the time

http://thepatternsite.com/KickingBull.html

CDLLADDERBOTTOM← works half the time

http://thepatternsite.com/LadderBottom.html

CDLLONGLEGGEDDOJI← not that reliable

http://thepatternsite.com/LongLegDoji.html

CDLLONGLINE← more reliable

http://thepatternsite.com/AboveStomach.html

CDLMARUBOZU← slightly >medium reliability

http://thepatternsite.com/WhiteMarubozu.html

CDLMATCHINGLOW←  bearish continuation 61% very high

http://thepatternsite.com/MatchingLow.html

CDLMORNINGDOJISTAR  ← decent performance and scores high

http://thepatternsite.com/MorningDojiStar.html

CDLMORNINGSTAR

CDLMORNINGSTAR← not frequent but highly reliable

http://thepatternsite.com/MorningStar.html

CDLONNECK← 56% reliable but higher priority

http://thepatternsite.com/OnNeck.html

CDLPIERCING ← higher priority but not as frequent

http://thepatternsite.com/Piercing.html

CDLRICKSHAWMAN← medium reliability but higher priority

http://thepatternsite.com/RickshawMan.html

CDLRISEFALL3METHODS← very highly reliable bearish continuation but rare

http://thepatternsite.com/Falling3Methods.html

CDLSEPARATINGLINES ← very reliable for bullish continuation

http://thepatternsite.com/SeparateLinesBull.html

CDLSHOOTINGSTAR← 59% reliability

http://www.thepatternsite.com/ShootingStar.html

CDLSPINNINGTOP ← most frequence

http://thepatternsite.com/SpinTopBlack.html

CDLSTICKSANDWICH← bearish continuation 62% of the time

http://thepatternsite.com/StickSandwich.html

CDLTAKURI← it works  bullish reversal and it does, 66% of the time

http://thepatternsite.com/TakuriLine.html

CDLTASUKIGAP← not reliable

http://thepatternsite.com/UpsideTasukiGap.html

CDLTHRUSTINGworks best in a bear market, but suffers in a bull market.

http://thepatternsite.com/Thrusting.html

CDLUNIQUE3RIVER ← works 60% of the time

http://thepatternsite.com/Unique3RiverBottom.html

CDLXSIDEGAP3METHODS← bullish reversal 62% of the time

http://thepatternsite.com/DownGap3Methods.html

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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High Profit Trades found with Candlestick Breakout Patterns

High Profit Trades found with Candlestick Breakout Patterns

Who does not like breakouts? Even in the world of automated forex trading

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https://www.youtube.com/shared?ci=byBqlyieKW0

 

 

 

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Mastering Candlestick Mathetmatics

Mastering Candlestick Math


Out of all the technical analysis charts out there, I find candlestick to be the most valuable with all the hidden interpretations you can get out of them. I did not know there was math involved. Apparently that is the case when you watch this Big Mike trading YouTube video.

 

Check it out here

 

Over the next day or so, I will be posting all the content for my upcoming Interactive Brokers API workshop. As you know this will be cut part of my TEMPORARY bundle for anyone who wants to join my Quant Elite membership which will be closing in a few months. I will send out details in coming days when I say temporary.

 

As you know, I’ve also demonstrated what my Apple iOS apps will look like. You can check them out here:

Future of algo trading GUI on Apple IOS iPhone IPad

The future of algo trading GUI on an Apple iPhone

Thanks for reading

P.S. Once in a while I like to drop hints. So here is one:

 

This Interactive Brokers workshop will become a very expensive standalone product which will be recorded with two live sessions.

 

As you know, I have been running a survey asking for times and pricing you’re willing to pay. Thankfully I’ve come to the conclusion that there are three possible times. I will be posting another detailed Survey to see who would like to attend either of these times.

 

All Quant Elite paying members will be able to attend this LIVE Interactive Brokers workshop

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Simplest candlestick demo with Python Matplotlib

Simplest candlestick demo with Python Matplotlib

This is from the book Python in Finance p107

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Source code:

# -*- coding: utf-8 -*-
“””
Created on Tue Jan 26 19:28:55 2016

@author: quantlabsnet
“””
#Python in Finance p107

import numpy as np
import matplotlib as mpl
import matplotlib.pyplot as plt
import matplotlib.finance as mpf

start = (2014, 5, 1)
end = (2014, 6, 30)
quotes = mpf.quotes_historical_yahoo_ohlc(‘^GDAXI’, start, end)
#quotes = mpf.quotes_historical_yahoo(‘^GDAXI’, start, end)
quotes[:2]

fig, ax = plt.subplots(figsize=(8, 5))
fig.subplots_adjust(bottom=0.2)

print “Hello”
#use Line2d
#mpf.plot_day_summary_oclh(ax, quotes, ticksize=3, colorup=’k’, colordown=’r’)#
mpf.candlestick_ohlc(ax, quotes, width=0.6, colorup=’b’, colordown=’r’)
#mpf.candlestick(ax, quotes, width=0.6, colorup=’b’, colordown=’r’)
plt.grid(True)
ax.xaxis_date()
# dates on the x-axis
ax.autoscale_view()

plt.setp(plt.gca().get_xticklabels(), rotation=30)
#raw_input(“Press Enter to continue…”)
print “bye”

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Update on this candlestick Python chart demo with PyQtGraph

Update on this candlestick Python chart demo with PyQtGraph

From a Meetup attendee last nite:

Was that python charting you used pyqtgraph or pycharms? I seen you had both on the meeting last night?

Direct link to the candlestick data would be appreciated.
I am abandoning this for now due to this mysterious exception. I may have a easier alternative.
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Python candlestick price line trading pair demo

Python candlestick price line trading pair demo

A demo with the usual quirks

NOTE: I get this eexception in my Python 2.7.11 so it look I am out of synch with pyqtgraph. I need to continue using with Matplotlib I think as I will not upgrade my Python at this point.

http://stackoverflow.com/questions/30035653/how-to-access-dateaxisitem-from-a-branch

  File “/Users/quantlabsnet/PycharmProjects/pyqtgraph/candlestick2.py”, line 13, in <module>
    axis = pg.DateAxisItem(orientation=’bottom’)
AttributeError: ‘module’ object has no attribute ‘DateAxisItem’

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Coolest candlestick charting with Python QtPyGraph Pandas and Metatrader forex trading platform

Coolest candlestick charting with Python QtPyGraph Pandas and Metatrader forex trading platform

This is a good stuff from a Youtube commenter known at FemtoTrader

https://github.com/femtotrader/rabbit4mt4

I could definitely use something like for my higher speed trading but right now this current system is very passive with needing only weekly or monthly frequency. Many thanks to this person’s generosity of providing code!

If you really want to get fancy with Metatrader, you could link it with ZeroMQ instead of RabbitMQ.

Metatrader MT4 to ZeroMQ for forex trading

Cool huh? Thank my awesome community for all this !!! I am giddy inside as I type this!

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