Formalization of Japanese candlestick patterns taking into account features of foreign exchange markets.
Journal Title: Теоретичні і пракичні аспекти економіки та інтелектуальної власності - Year 2018, Vol 1, Issue 17
Abstract
The relevance of foreign exchange markets is due to their high liquidity. Globalization and development of information technologies led to increase in foreign exchange market’s turnover. Modern computing facilities allow us to solve any problems associated with the analysis of large data volumes. That’s why the major part of speculative investors focuses on technical aspect while building their trading strategy. Technical analysis is a trading discipline employed to evaluate securities and identify trading opportunities by analyzing statistics gathered from trading activity, such as price movement and volume. An important part of technical analysis are Japanese candlestick patterns. Japanese candlestick patterns are a technical tool that pack data for multiple time frames into single price bars. This makes them more useful than traditional open-high, low-close bars or simple lines that connect the dots of closing prices. Candlesticks build patterns that predict price direction once completed. They are conditionally divided into reversal and continuation patterns. The article presents the investigation of methods of technical analysis of financial markets. In the article the main reversal Japanese candlestick patterns are considered. These patterns are formalized and realized using the trading platform cTrader using the object-oriented programming language C#.
Authors and Affiliations
O. Е. Piatykop, Maksim Zhylkin
Keywords
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- EP ID EP538934
- DOI 10.31498/2225-6407.17.2018.147182
- Views 68
- Downloads 0
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