from a Commonstock post
Discover how Python can elevate your trading skills and help you identify market trends, support and resistance levels, and price patterns like a boss.
- Use Moving Averages (MAs) to identify market trends (uptrends, downtrends, and sideways trends).
- Calculate and plot the 10-day and 20-day MAs to determine the prevailing market trend.
- Use the
peakutils
library to identify local maxima and minima in price data. - Adjust the threshold and minimum distance between levels to visualize crucial price levels on a chart.
- Use the
TA-Lib
library to identify a wide range of candlestick patterns (e.g., Two Crows, Three Black Crows, and Doji). - Analyze and visualize these patterns to gain valuable insights into potential market movements and make more informed trading decisions.
Interested in joining a community of like-minded traders and investors? Head on over to Commonstock.com and sign up today.
Happy trading and coding! ๐๐