Tag Archives: pattern

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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Introducing my flag and pennant technical pattern for automated crypto currency trading

There are a number of corrections I believe in this script but I am unsure of the importance of these pattern (s) since they are quite rare anyhow. So why continue? Why even bother trying to develop for wedges as well?

 

In summary; Should I abandon both flag/pennants and wedges patterns. They are tough to program and plot among other reasons listed.

Here are the links from the video:

https://www.investopedia.com/university/charts/charts6.asp

https://www.babypips.com/learn/forex/pennants

https://www.babypips.com/forexpedia/flags

Note:

In the last 3 minutes of this video is a new segment which shows the improvement of how I define a bull or bear flag. Also, you need to measure the trend before the pattern so I used 10 candle/bars before the pattern forms as a test. Just remember I allocated 20 candles/bars to allow the completion of  the flag or pennant  pattern. It should  at least show there is consolidation in the price of at least 20 bars. These programming conditions hopefully are correct to reflect the right pattern with expected price direction.

There seems to be a strange anomaly in the code where patterns form sometime in early April. I am unsure if it this is weird bug on the Binance data servers or in my programming script.

As the way it goes, I am not even sure if these patterns really matter since they are quite rare to capture.

Properly defined bull and bear flags

https://www.dailyfx.com/forex/education/trading_tips/trend_of_the_day/2012/02/21/How_to_Trade_Bullish_Flag_Patterns.html

https://www.dailyfx.com/forex/education/trading_tips/trend_of_the_day/2012/08/15/How_to_Trade_a_Bearish_Flag_Pattern.html

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Universal zig zag indicator to search for the Horizontal Pattern, Flag, Pennant, Wedge, and Triangles

 

Some useful notes here from Metatrader MT4 or MT5 in MQL. Here are some zig zag hints on how to build this:

https://www.mql5.com/en/articles/3229

 

Zig Zag is the key

https://www.mql5.com/en/articles/2774

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Profit from recurring psychological patterns in the market

High Probability Technical Trading

Coming soon from Sholom B presenter

Profit from recurring psychological patterns in the market

1) Basic Technical Indicators
2) What doesn’t work and why
3) What does work and why
4) Technical Indicators that work
5) Confirming indicators
6) Technical Patterns
7) Trends, Cycles, Support/Resistance, Momentum
😎 Pups and mini-pups
9) How to find stop busters
10) Elliottwave Theory: The one pattern that works
11) How to find big trends: trends that just go on and on.

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New Facebook Instragram C++ pattern to reduce latency for HFT?

New Facebook Instragram C++ pattern to reduce latency for HFT?

Facebook engineering is quite smart with thesse new C++ patters. Remember they brought Cassandra NOSQL

https://code.facebook.com/posts/1661982097368498
http://instagram-engineering.tumblr.com/post/121930298932/c-futures-at-instagram

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Does Murrey Math or ABC Pattern recognition work for trading?

Does Murrey Math or ABC Pattern recognition work for trading?

I tested these against20 different assets including indices and commodities. Let me know what you think as the results appear mixed. Download the images of both indicator charts charts for Murrey Math and ABC

Comment away on my Facebook group

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Here are the market assets:

‘BNO’ United States Brent Oil ETF
‘MIDD.L’ iShares FTSE 250
‘MIDD.SW’ iShares Public Limited Company – iShares FTSE 250 UCITS ETF
‘GOVT’ iShares Core US Treasury Bond
‘CORN’ Teucrium Corn ETF
‘UNG’ United States Natural Gas ETF (UNG)
‘EWS’ iShares MSCI Singapore
‘SOYB’ Teucrium Soybean ETF (
‘WEAT’ Teucrium Wheat ETF
‘PALL’ ETFS Physical Palladium
‘SLV’ iShares Silver Trust
‘GLD’ SPDR Gold Shares
‘EWQ’ iShares MSCI France
‘SPY’ SPDR S&P 500 ETF
‘OIL’ iPath S&P GSCI Crude Oil TR ETN
‘EWG’ iShares MSCI Germany
‘NKY’ MAXIS Nikkei 225 ETF
‘SGG’ iPath DJ-UBS Sugar SubTR ETN
‘IWM’ iShares Russell 2000
‘IEF’ iShares 7-10 Year Treasury Bond

 

 

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Intro ABC pattern recognition and Murrey Math Lines for trading

Intro ABC pattern recognition and Murrey Math Lines for trading

Here is an combination of custom indicators. Profit potetial? One more indicator to go

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Historical searches:

https://quantlabs.net/blog/?s=abc

https://quantlabs.net/blog/?s=murrey

What Murrey Math Lines mean:

https://www.mql5.com/en/code/8570

ibmABC ibmABC2015 ibmMML ibmMML2015

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Say hello to our ABC Pattern Fib band trading chart

Say hello to our ABC Pattern Fib band trading chart

This is the first of many coming from the world of Matlab, there 6 bands of 3 upper and 3 lower. Don’t worry, there is more to come but consider this a progress report

ibm

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Simplest notes for Auto ABC pattern trading algo

Simplest notes for Auto ABC pattern trading algo

I have listed various URLs on this blog but I have not done any summary notes on it. Here they are:

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E mini futures es, ym, nq

Market indicator $adv $decl xlf $esinx spy $trin $tick
One trend indicator ktrend

Fib bands with k moving average trend
Fib band zone pivots of 21 pd moving average 89 ema 200 sma

Uses combine market internals which is 7 indicators with one histogram to show market direction with 5 min chart
Enter trade once pattern Is completely formed. Price must be below neckline.

Price needs to trade at 2 bar high or 2 bar low 40:06. Price must close below that line before entry takes place. Or it must trade above swing high or low. Or wait for the breakout bar to take place. Also enter at a high range bar high/low.

Planned exits
Key support and resistance
Fib levels defined
ATR exits
Bar size exits

Moving average periods of 21 and 89 EMA and 200 SMA
Abc pattern is harmonic which works best 56:34 is type of abc formation which can be retracement or externsion (c went beyond ab leg) so they belong to either side, price projections are 62%ab 100%ab or 162%ab 57:24 you can project the time to t1 t2 or t3. This could be used for daily as in options timing projection but cannot be used intraday effectively. 1:06 shows c bearish leg for pricing projection.

Ktrend indicators can be used with this.

1:13 abc can be used in options data of options price which affects stock price. You could target premium price as well.
Perfect abc pattern (goal to target for these levels) 1:16
Outside fib band, is above mid fib band
Is retraced below mid fib band at least 50% but retracement no more than 78.6%
After long above the el or mid fib band level el is entry level
STop below c
Target 1: 62% ab 100% ab
Target 2: 127% ab 162 % ab
Example chart at 1:19:30
Set trade as same direction of ab

For ab how many bars were there? What was retracement for c%? Need entry and stop targets

 

https://www.tradestation.com/en/education/events/on-demand-webcasts/spotlight-on/suri-duddella

Perfect ABC Trading Pattern

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ABC Pattern trading for forex ?

ABC Pattern trading for forex ?

This is for auto pattern recognition which can be used for any assets

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https://www.tradestation.com/en/education/events/on-demand-webcasts/spotlight-on/suri-duddella

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!