There is more information in the candlestick chart than you will ever know.

wrbtrader said:
Regardless to our differences...

My initial reply about backtesting and codes was due to your placement of your thread in the "Strategy Development" section.

Topics include NinjaScript, ThinkScript, EasyLanguage, and Excel scripting, as well as backtesting and optimization, etc.

wrbtrader
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Oh ok....but im posting in "Strategy Development because I have actually "developed a Strategy".
 
ansesfj said:
those 4 numbers tell a lot of story . . . there is more in there than what the eyes can see. If you train your eyes to see beyond the charts and the 4 numbers , you can then achieve good results.

and btw , why are you trying to fight a good thing??.......try and absorb this new information and and use it to your advantage. I have been reading alot of posts on this forum...many are just good old boring stuff....no one is coming up with any new ideas that really works....
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I'm not looking for a "new thing". And if I was, OHLC-only is incomplete data that only deals with price, which is ONLY one facet of data points available. It has nothing to with "boring".

Do you want to talk about lines on your screen? Those are just that... lines on YOUR screen. The market couldn't care less, just like the market couldn't care less as to what calculations, visual or formal, you put the OHLC variables though.

All that said, I make consistent money via the price variables. I also draw lines on my screen based on OHLC bars, not candles. Volume is the stuff that makes it all work for me.

In that context, to say no one is coming up with new stuff is probably true... why fix what ain't broken? New and improved does not apply to time-tested trading principles and techniques. New and improved does apply to the flailing, less experienced, and the misinformed, perfect for vendors or ego-feeding.
 
tiddlywinks said:
I'm not looking for a "new thing". And if I was, OHLC-only is incomplete data that only deals with price, which is ONLY one facet of data points available. It has nothing to with "boring".

Do you want to talk about lines on your screen? Those are just that... lines on YOUR screen. The market couldn't care less, just like the market couldn't care less as to what calculations, visual or formal, you put the OHLC variables though.

All that said, I make consistent money via the price variables. I also draw lines on my screen based on OHLC bars, not candles. Volume is the stuff that makes it all work for me.

In that context, to say no one is coming up with new stuff is probably true... why fix what ain't broken? New and improved does not apply to time-tested trading principles and techniques. New and improved does apply to the flailing, less experienced, and the misinformed, perfect for vendors or ego-feeding.
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@tiddlywinks ... those lines on the screens are just trendlines, I use them as a tool.

If you are not looking for something new then this is not meant for your eyes. simple as that. so please just move on to something that you like. I am not here to entertain you.
 
SunTrader said:
So the OP found a strat observing bar by bar candles but isn't going to elaborate beyond that.

Why then start the topic?
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It’s pretty simple to start one’s DD.

Just take any bar and go to the next faster timeframe. That will give both a PV profile of sentiment continuation or change of how that bar was built.

Sort the piles of examples by their PV patterns by comparing to prior and post bars on the timeframe above.

There’ll be piles that will make logical sense and others that are ill-logical with one’s current knowledge. Further differentiation will shift ill-logical one’s into logical as shells of context are explored.

Randomness is a perception that through logic and DD can transform into clarity.

Or an opposite belief can be adopted that makes the above sound like gibberish and a waste of time and effort.
 
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Sprout said:
It’s pretty simple to start one’s DD.

Just take any bar and go to the next faster timeframe. That will give both a PV profile of sentiment continuation or change of how that bar was built.

Sort the piles of examples by their PV patterns by comparing to prior and post bars on the timeframe above.

There’ll be piles that will make logical sense and others that are ill-logical with one’s current knowledge. Further differentiation will shift ill-logical one’s into logical as shells of context are explored.

Randomness is a perception that through logic and DD can transform into clarity.

Or an opposite belief can be adopted that makes the above sound like gibberish and a waste of time and effort.
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Thanks anyway but I was commenting what is the point, not asking what is what.

Been there, done that - starting with a, cool at the time, software analysis package called Candlestick Forecaster Samurai in the mid/late 90's.
 
This pattern is very common tbh, oftentimes, it won't give u any hint on which direction it'll go though. Not very reliable imo
 
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