Back-testing of candlestick patterns
by PRASHANT SHAH -
We have discussed various candlestick patterns. Many such patterns exist, and new patterns are continually being developed. People use it in different ways. There are many traders who perform subjective analysis, who observe patterns and make decisions based on their observations. Some traders use it in conjunction with other tools and indicators. Some traders create ... Read more
Hammer Pattern data
by PRASHANT SHAH -
Single candlestick pattern performance data was interesting to study. Below are some observations. Hammer & Inverted Hammer The Hammer and Inverted Hammer patterns were tested for both bullish and bearish sides. Patterns were not filtered for trend; testing was solely conducted based on patterns. As discussed earlier, Hammer patterns form after a downtrend. It is ... Read more
Nifty Candlestick Pattern Back-testing
by PRASHANT SHAH -
I backtested the patterns on the Nifty daily candlestick chart to analyse the performance. Criteria of testing is the same but it is tested on daily candlestick chart of Nifty 50 index. This write-up is divided into two parts: The performance data is further divided into four segments Occurrences Below are the bullish single candlestick ... Read more
Back-testing of candlestick patterns
by PRASHANT SHAH -
We have discussed various candlestick patterns. Many such patterns exist, and new patterns are continually being developed. People use it in different ways. There are many traders who perform subjective analysis, who observe patterns and make decisions based on their observations. Some traders use it in conjunction with other tools and indicators. Some traders create ... Read more
Hammer Pattern data
by PRASHANT SHAH -
Single candlestick pattern performance data was interesting to study. Below are some observations. Hammer & Inverted Hammer The Hammer and Inverted Hammer patterns were tested for both bullish and bearish sides. Patterns were not filtered for trend; testing was solely conducted based on patterns. As discussed earlier, Hammer patterns form after a downtrend. It is ... Read more
Nifty Candlestick Pattern Back-testing
by PRASHANT SHAH -
I backtested the patterns on the Nifty daily candlestick chart to analyse the performance. Criteria of testing is the same but it is tested on daily candlestick chart of Nifty 50 index. This write-up is divided into two parts: The performance data is further divided into four segments Occurrences Below are the bullish single candlestick ... Read more
