This post is part of the T4p Series. In the previous post, I briefly introduced candlesticks and how to detect a bearish and bullish candle in Python. In this post, we are going deeper, discussing candlestick patterns, what they are all about, and how to detect and represent them in Python Introduction As you learned in the previous post, there are mainly two types of candles: Bearish and Bullish. The size of the wick and the body determines what kind of bearish and bullish candle it is. Candlestick patterns visually help traders learn about the price movement to interpret the market sentiments. History Candlestick patterns were developed centuries ago by Japanese…
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Getting Started with Candlesticks and Python
This post is part of the T4p Series. In this post, we will briefly discuss candlesticks, their basics, types, and how you can use OHLC data to identify them. I’ll aim to keep it short and to the point. What is a CandleStick Candlesticks are graphical representations of price movements in financial markets, typically showing the opening, closing, high, and low prices for a specific time period. History of CandleSticks Candlestick charting has a rich history that dates back centuries. It originated in Japan during the 18th century, long before the advent of modern financial markets as we know them today. The story begins with Munehisa Homma, a Japanese rice…
