Discussion of article "Analysing Candlestick Patterns"
Well done! It's a great job!
Yes, it is a big and painstaking work.
Question to the author - why didn't they decide to make type recognition and text description in the CANDLE_STRUCTURE structure itself (or at least in the RecognizeCandle function), but left this task to the indicator?
It's not logical - the action is divided into two stages and in different places.
If you had made a separate library class, it would be possible to use third-party codes. And so you will have to pull descriptions from the indicator code.
If you have free time, make such an object for recognising combinations and throw it into the library. It will be nice to use it.
+ in the object it is desirable to have a field like "recommended action". - buy or sell, so that the object can give its own ready recommendations.
Yes. A job. A big, painstaking job.
Question to the author - why didn't they decide to make type recognition and text description in the CANDLE_STRUCTURE structure itself (or at least in the RecognizeCandle function), but left this task to the indicator?
It's not logical - the action is divided into two stages and in different places.
If you had made a separate library class, it would be possible to use third-party codes. But now we have to pull descriptions from the indicator code.
If you have free time, make such an object for recognising combinations and throw it into the library. It will be nice to use it.
+ in the object it is desirable to have a field of the type "recommended action". - buy or sell, so that the object can give its ready recommendations.
Within a month, maybe a little earlier, I will finish the second part of the article (it's a little bit raw yet), there the implementation of candlestick recognition will be a little bit different, there will be implemented a function returning candlestick combination and an Expert Advisor to collect statistics.
beauty =)
Have you tried using ANN in conjunction with this concept?
If yes, what are the results (at least superficially)?
Within a month, maybe a little earlier, I will finish the second part of the article (it's still a bit raw), there the implementation of candlestick recognition will be a little different, a function returning candlestick combination and an expert for collecting statistics will be implemented.
the code needs a little more spacing.
Even my 1900 doesn't fit.
but in general I think I might try this method for fixes.
Some of the combinations I particularly like.
I really liked the research on applying the model to the currency market.
Have you tried using ANN in conjunction with this concept?
If yes, what are the results (at least superficially)?
Please decipher what is meant by ANN, there are a lot of abbreviations in the internet, it is impossible to know all of them.
Maybe I am familiar with this concept (under a different name), maybe not - then it is interesting ...
Please decipher what is meant by ANN, there are a lot of acronyms on the internet, it is impossible to know everything.
Maybe I am familiar with this concept (under a different name), maybe not - then it is interesting ...
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New article Analysing Candlestick Patterns is published:
Construction of Japanese candlestick chart and analysis of candlestick patterns constitute an amazing area of technical analysis. The advantage of candlesticks is that they represent data in such a manner that you can track the dynamics inside the data. In this article we analyze candlestick types, classification of candlestick patterns and present an indicator that can determine candlestick patterns.
Author: Dmitry