Home

All About Candlesticks | Candlestick Patterns Based Automated Trading

URL
Views
12
Description
Course on Candlestick Patterns based Automated Trading: https://quantra.quantinsti.com/course/candlestick-patterns-automated-trading If you are new to candlestick trading, you don’t need to worry! In this video, we will take you through all of the basic information that you need to be aware of before you decide to learn more about candlestick patterns. Firstly, let us begin by understanding the difference between the regular price charts vs candlesticks. The chart shown below may look familiar to you, especially if you have tried learning about technical analysis by yourself in the past. This is known as a line chart. And it is the simplest way of representing the price data of a stock where the close price series is plotted over a given period of time. However with line charts, because we are only plotting the close price series of the asset, we end up missing out on other important information such as the high, low and open price series data. For example, assume that for a particular day, the price of Stock ABC moves in a manner as shown. Based on the above, we can say that the start of the trading day seemed bullish for the asset. As we can see, the prices opened at $50 and moved up all the way to $52 which was the highest price for the day. However, in the second half, the sellers seem to have dominated and the prices hit a low price of $48. And eventually, towards the end of the trading day, the prices recovered a bit and closed at $49. All of this useful information tha
Rating
0
Name
Quantra
Date
2023/01/14
TOP