In a series of 5 continuous candles, if the first three candles make increasing high and then 2 decreasing highs, then the
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Nano Course On Python For Trading
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Module 3
In this post, I will attempt to teach you how to write an algorithm in python to automatically find support and resistance. We shall use the data we downloaded in module 2.
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In a series of 5 continuous candles, if the first three candles make increasing high and then 2 decreasing highs, then the
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mpl_finance is the new module here. We will use its candlestick_ohlc function.
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We will use data from 1 Jan 2021 to 30 June 2021.
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Again remember the definition of fractals, we shall leave the first two candles and the last 2 candles as we
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s = 2 * np.mean(df['High'] - df['Low'])
Using this number, we will reject the current price level if there is already another price level within the range +- s. For this, we defined a function isFarFromLevel
I have shared the entire code on colab and added references for you to look into.
D: these won't help you become profitable but this will teach you how quant traders think &
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More from Finance
Inflation is coming, inflation is coming!
Last month I wrote about the distinction between long-term secular inflation and shorter-term cyclical inflation
It has been clear for several months that we are in the middle of a cyclical rise in
The full thread can be reviewed here:
Today's PPI report should have been expected to surprise to the upside as the leading indicators of inflation have been screaming to the upside for months!
Here is the ISM prices paid index, cumulated into a growth rate
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Industrial commodity prices have also seen a major acceleration for months.
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So today's PPI report was in line with the leads, suggesting that we have a cyclical upturn in inflation that is * primarily concentrated in the manufacturing sector *
This is a key point.
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Last month I wrote about the distinction between long-term secular inflation and shorter-term cyclical inflation
It has been clear for several months that we are in the middle of a cyclical rise in
Now, in the short-term, the manufacturing sector is red hot, driven by a pent-up demand rebound in goods consumption.
— Eric Basmajian (@EPBResearch) January 4, 2021
Commodity prices are screaming which gives legs to "goods" inflation in the short-term.
8) pic.twitter.com/rQcqHf1OD0
The full thread can be reviewed here:
Consensus continues to conflate the inflation story, mixing and matching long-term and short-term charts to fit what is generally a secular inflation narrative.
— Eric Basmajian (@EPBResearch) January 4, 2021
Here are my two cents to make the distinction clear.
1)
Today's PPI report should have been expected to surprise to the upside as the leading indicators of inflation have been screaming to the upside for months!
Here is the ISM prices paid index, cumulated into a growth rate
3/
Industrial commodity prices have also seen a major acceleration for months.
4/
So today's PPI report was in line with the leads, suggesting that we have a cyclical upturn in inflation that is * primarily concentrated in the manufacturing sector *
This is a key point.
5/
