New article: Simple Methods of Forecasting Directions of the Japanese Candlesticks
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New article Simple Methods of Forecasting Directions of the Japanese Candlesticks has been published:
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New article Simple Methods of Forecasting Directions of the Japanese Candlesticks has been published:
Japanese candlesticks represent one of the ways of displaying information on prices over a certain period of time showing the correspondence between open, close, high and low prices. Candlesticks are primarily used in technical analysis and interpreted in accordance with well-known models.
After writing several indicators for forecasting the direction of the market movement, I came up with an idea of analyzing the possibility of doing a basic forecast of directions of the Japanese candlesticks based on the available data on the directions of the preceding candlesticks.
The article deals with a few simple forecasting methods and introduces several EAs for testing the ideas and assessing their effectiveness.