Code Candlesticks

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Uploaded: 18.06.2010
Content: kodsvechi.zip (614,71 kB)

Description

Code candles (CandleCode) - method
quantitative analysis of candlesticks
The usual way to use candlesticks to trade based on their psychological interpretation. Single candle or a set of several candles attributed to a mood that determines the behavior of the market. For example, the combination of "the evening star", "Morning Star" and "Harami", which appeared after a vigorous stroke, predict a reversal of the chart; Candles "doji" indicate the uncertainty of the market mood swings, etc. Such decisions based on combinations of candles is subjective, based on the arguments about the psychology, the mood of the market. But, as in all methods of technical analysis is desirable to have a precise numerical index, then there are ways to measure the strength of these candles, so you can use these codes for a more objective analysis, and integrate them into the computer trading systems.

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