This post is part of the T4p Series. In the previous post, we discussed creating your custom signal generation pattern. In this post, we will discuss a famous candlestick pattern called the Hammer pattern. We will discuss the pattern, what it is all about, and how it helps traders to earn money. Introduction A Hammer is a single candlestick pattern that forms during a downtrend and is characterized by having a small real body at the top of the candle, a long lower shadow (at least 2-3 times the size of the body), and little to no upper shadow. The pattern indicates a potential trend reversal as it shows that despite…
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An Introduction to OHLC Data in Python
This post is part of the T4P Series. In this post, we will be discussing OHLC data. OHLC is the abbreviation of Open, High, Low, and Close. We will discuss its working, its importance, and how to access it. So let’s start. What is OHLC Data OHLC data is a common way to represent the price movement of an asset, whether it’s a stock, cryptocurrency, or commodity, during a specific time frame (like an hour, a day, or a week). These four values give you a snapshot of how an asset’s price has fluctuated during that time frame. Let’s break it down: Open: This is the price at which the…
