Mastering Financial Pattern Recognition
eBook Details:
- Paperback: 288 pages
- Publisher: WOW! eBook (November 22, 2022)
- Language: English
- ISBN-10: 1098120477
- ISBN-13: 978-1098120474
eBook Description:
Mastering Financial Pattern Recognition: Finding and Back-Testing Candlestick Patterns with Python
Candlesticks have become a key component of platforms and charting programs for financial trading. With these charts, traders can learn underlying patterns for interpreting price action history and forecasts. This A-Z guide shows portfolio managers, quants, strategists, and analysts how to use Python to recognize, scan, trade, and back-test the profitability of candlestick patterns.
With this Mastering Financial Pattern Recognition book, you will:
- Create and understand the conditions required for classic and modern candlestick patterns
- Learn the market psychology behind them
- Use a framework to learn how back-testing trading strategies are conducted
- Explore different charting systems and understand their limitations
- Import OHLC historical FX data in Python in different time frames
- Use algorithms to scan for and reproduce patterns
- Learn a pattern’s potential by evaluating its profitability and predictability
Financial author, trading consultant, and institutional market strategist Sofien Kaabar shows you how to create a candlestick scanner and indicator so you can compare the profitability of these patterns. With this hands-on book, you’ll also explore a new type of charting system similar to candlesticks, as well as new patterns that have never been presented before.
