Mastering Financial Pattern Recognition - Helion
ISBN: 9781098120436
stron: 290, Format: ebook
Data wydania: 2022-10-18
Księgarnia: Helion
Cena książki: 228,65 zł (poprzednio: 265,87 zł)
Oszczędzasz: 14% (-37,22 zł)
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.
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.
With this 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
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Spis treści
Mastering Financial Pattern Recognition eBook -- spis treści
- Preface
- Why This Book?
- Target Audience
- Conventions Used in This Book
- Using Code Examples
- OReilly Online Learning
- How to Contact Us
- Acknowledgments
- 1. Importing and Processing Financial Data in Python
- Installing the Environment
- Creating the Importing AlgorithmÂ
- Putting It All Together
- Summary
- 2. Algorithmic Mindset and Functions
- Coding the Primal FunctionsÂ
- The Function to Add Columns to an Array
- The Function to Delete Columns from an Array
- The Function to Add Rows to an Array
- The Function to Remove Rows from an Array
- The Function to Round Numbers
- Coding Signals
- Creating the Signal Charts
- Coding Performance Evaluation Functions
- The Hit Ratio
- The Rate of Return
- The Profit Factor
- The Risk-Reward Ratio
- The Number of Trades
- Creating a Performance Evaluation Function
- A Hypothetical Example: Appraising Performance
- What is the hit ratio of the period between 2017 and 2021?
- What is the net profit factor between 2017 and 2021? How would you interpret it?
- What is the realized risk-reward ratio between 2017 and 2021? And how does it compare to the theoretical risk-reward ratio?
- How should we interpret the frequency of signals?
- Is this a well-managed portfolio?
- Coding the Primal FunctionsÂ
- 3. Introducing Technical Analysis
- Charting Analysis
- Indicator Analysis
- Moving Averages
- The Relative Strength Index
- Pattern Recognition
- Common Pitfalls of Technical Analysis
- Wanting to Get Rich Quickly
- Forcing the Patterns
- Hindsight Bias, the Dream Smasher
- Assuming That Past Events Have the Same Future Outcome
- Making Things More Complicated Than They Need to Be
- Technical Analysis Best Practices
- Harness the Power of Different Time Frames
- Use More Than One Strategy or Indicator
- Choose the Right Type of Strategy for Current Market Conditions
- Dont Underestimate Default Parameters
- 4. Classic Trend-Following Patterns
- The Marubozu Pattern
- The Three Candles Pattern
- The Tasuki Pattern
- The Three Methods Pattern
- The Hikkake Pattern
- 5. Modern Trend-Following Patterns
- The Quintuplets Pattern
- The Double Trouble Pattern
- The Bottle Pattern
- The Slingshot Pattern
- The H Pattern
- 6. Classic Contrarian Patterns
- The Doji Pattern
- The Dragonfly Doji
- The Gravestone Doji
- The Flat Doji
- The Double Doji
- The Tri Star Doji
- The Harami Pattern
- The On Neck Pattern
- The Tweezers Pattern
- The Stick Sandwich Pattern
- The Hammer Pattern
- The Star Pattern
- The Piercing Pattern
- The Engulfing Pattern
- The Abandoned Baby Pattern
- The Spinning Top Pattern
- The Inside Up/Down Pattern
- The Tower Pattern
- The Doji Pattern
- 7. Modern Contrarian Patterns
- The Doppelgänger Pattern
- The Blockade Pattern
- The Euphoria Pattern
- The Barrier Pattern
- The Mirror Pattern
- The Shrinking Pattern
- 8. Advanced Candlestick-Charting Systems
- Heikin-Ashi System
- Detecting the Doji Pattern
- Detecting the Tasuki Pattern
- Detecting the Euphoria Pattern
- Detecting the Double Trouble Pattern
- Ks Candlesticks System
- Detecting the Doji Pattern
- Detecting the Tasuki Pattern
- Detecting the Euphoria Pattern
- Detecting the Double Trouble Pattern
- Heikin-Ashi System
- 9. Candlestick Patterns Exit Techniques
- The Symmetrical Exit Technique
- The Fixed Holding Period Exit Technique
- The Variable Holding Period Exit Technique
- The Hybrid Exit Technique
- Pattern Invalidation
- 10. Candlestick-Based Trend-Following Strategies
- Combining the Double Trouble Pattern with the RSI
- Combining the Three Candles Pattern with Moving Averages
- Combining the Bottle Pattern with the Stochastic Oscillator
- Combining the Marubozu Pattern with Ks Volatility Bands
- Combining the H Pattern with the Trend Intensity Index
- 11. Candlestick-Based Contrarian Strategies
- Combining the Doji Pattern with the RSI
- Combining the Engulfing Pattern with Bollinger Bands
- Combining the Piercing Pattern with the Stochastic Oscillator
- Combining the Euphoria Pattern with Ks Envelopes
- Combining the Barrier Pattern with the RSI-ATR
- 12. Risk Management and Trading Psychology
- Basics of Risk Management
- Stops and Targets
- Trailing Stops
- Position Sizing
- Economic Calendar
- Behavioral Finance: The Power of Biases
- Cognitive Biases
- Emotional Biases
- Trading Framework
- Basics of Risk Management
- Index