Analysis on candles

Currencies pretty much open a new daily bar - where they previously closed, obviously excluding certain Sunday nights when news related events happen over the weekend.

So to say cross candle bottom - that's where they left off

 

Great point, the analysis roughly excludes the first hourly bar.

Code:

def getFirstCrossFromBelow(x,column,column_to_cross):
  crosses = x[(x.baropen_datetime > x.session) &
  (np.sign(x[column] - x[column_to_cross]) > 0) & \
  (np.sign(x[column].shift() - x[column_to_cross]) < 0)]
  if len(crosses):
  return crosses.iloc[0].baropen_datetime

 

normal distribution (i.e. bell shaped cureve) would allow you stablish mean and SD, from which SD divided by square root of number of observations would give you std error of the mean (SEM) from that co-efficient of variation within a population of candles.

 

Distribution of *what* though?

 

Candles because Japanese stock market is doing great and all samurai

 

use candles. candles slow ur thinking down. put out the candles. they suck in so many ways..types..colors wicks..wtf...

 

Candle analysis emerged more than 20 years ago, and is still quite popular today. Some people even consider that Japanese candles are the easiest and most comfortable format to represent the prices of the assets

 

candles are good for looking at the last bar but not the one being built

 

Yeah no disagreement there.

 

Candles are randomly formed by time and by themselves pointless.

But better than line because you can see where spikes down/up have happened, which can indicate reversals.