This post is part of the T4p Series. In the previous post, I introduced you to Candlestick patterns, explaining what they are and discussing a couple of well-known patterns and their implementation in Python. We will be discussing further famous patterns in coming posts but here we will learn how you can come up with your own candlestick patterns and implement them in Python. Ultimately, we will be using our custom and awesome candlestick pattern to generate signals and print money. Custom Pattern So, what would that custom pattern be? Pretty simple: Bullish: If 3 consecutive candles are green, it triggers a SELL signal. Bearish: If 3 consecutive candles are red, it…
-
-
Getting Started with Candlesticks Patterns and Python
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…
