Minor heiken ashi Limitation of ChartDirector for Python
This was sent over the last few days regarding this Minor heiken ashi indicator:
(thanks to the person who sent this)
Here is the limitation
Thank you for your note. I am already a ChartDirector user. As a veteran Python programmer, I have noted a few irritating features in ChartDirector including the lack of a useful tool for Heiken Ashi candles. As a result, I have built my own SVG (scalable vector graphics) charting program for my personal use. I have sent my rather pedestrian Heiken Ashi code to ChartDirector for possible inclusion in the future.
Additionally, ChartDirector’s geometry allows for slightly different spaces between candles but I have hopefully improved on that – see my screen grabs – particularly the bottom one (zoomed in).
None of this is very important to your algorithmic trading, but I thought I would mention my thoughts. I am a rather visual and intuitive pattern trader and good graphics are important to me.
An excellent question on Quora with great answers. From my few months experience with this language, it may not as some highly experience Python developers have shown me tricks I have never seen before. See below
I think if you use Python for front end and simple end of days analysis in a live trading environment, you are fine. Once you move into more faster frequencies like intraday, you could run into trouble but most not likely. I plan to use C++ to circumvent this but I have looked at other languages like Java or C# but they are ok.
The F Sharp vs Python vs retail trading platform severe limitations debate like Multicharts
This is from one of my newsletter subscribers:
But all your coding is done in Matlab? I am asking because all my algos are based on Powerlanguage from Multicharts and I am thinking of learning Python.
–> Yes Multicharts and other similar retail trading platforms will give you headaches in terms of limitations. I cannot really comment about Python but I have investigated F# which is somewhat similar which has more advantages which I will investigate in coming months. I do see myself using more rapid algo development with this workflow:
As usual, people ask about the limitation of retail trading platforms (i.e. Tradestation, Metatrader, Ninja, etc) but this video contains a very real world description from a trader/researcher with his limitations of Think or Swim.
Now onto some exciting technical development, I got the source code from that last book (C# in Financial Applications) which should have a HUGE impact on my trading strategy development starting this week:
From this you will you see all the components I have in my custom trading platform course with source code examples. This weekend will be the last chance as I will beincreasing the course price by $200 on Monday. It is set at the lowest price you will ever see from me as I am moving everything up the food chain.
Also, be on the lookout for my ‘Elite’ membership which is targeting professional traders which will include ALL of courses from my QuantLabs.net. I hope this has a massive impact on those who take their trading seriously.
Have good weekend Bryan
P.S. Let me know what you think of how we move forward