Posts (page 172)
-
8 min readCreating a pairs trading strategy involves identifying two closely related assets and taking positions on their relative prices. Here is a step-by-step approach to create a pairs trading strategy:Identify correlated assets: Look for two assets that have historically shown a strong correlation in their price movements. These assets should have similar characteristics or belong to the same industry or sector. Determine mean reversion: Verify if the assets exhibit mean reversion characteristics.
-
13 min readChandelier Exit is a popular technical indicator commonly used by swing traders to determine trailing stops and capture potential profits while minimizing risks. This indicator was developed by Chuck LeBeau and was named because it resembles a chandelier hanging from a ceiling.When using Chandelier Exit for swing trading, traders typically set their stop-loss orders based on the indicator.
-
4 min readIn d3.js, you can remove an attribute from an HTML element using the selection.attr() method. To remove an attribute, you can pass null or undefined as the value for that attribute. Here's an example: // Select the element you want to remove the attribute from var myElement = d3.select("circle"); // Remove the "fill" attribute from the element myElement.
-
9 min readTo switch from Google Chart Tools to d3.js, you need to follow a few steps:Understand d3.js: familiarize yourself with the basics of d3.js, which is a powerful JavaScript library for data manipulation and visualization. It provides a comprehensive set of tools for creating dynamic, interactive, and customizable charts. Analyze your existing Google Chart code: Take a close look at the existing codebase that utilizes Google Chart Tools.
-
8 min readThe Elliott Wave Theory is a technical analysis tool used to forecast future price movements in financial markets. It is primarily applied in trading and investing, and was developed by Ralph Nelson Elliott in the 1930s. The theory suggests that stock market price movements follow a repetitive pattern of five upward waves and three downward waves, forming a complete cycle.To trade using Elliott Wave Theory, traders need to understand and identify these waves correctly.
-
15 min readThe Average Directional Index (ADX) is a technical indicator used in stock trading to measure the strength and direction of a trend. It was developed by J. Welles Wilder and is part of the larger group of indicators known as the Directional Movement System.The ADX is typically displayed as a single line on a chart, oscillating between 0 and 100. A reading below 20 suggests a weak trend, while a reading above 50 indicates a strong trend.
-
11 min readTo pull data from a MySQL database and visualize it using d3.js, you will need to follow these steps:First, establish a connection to the MySQL database using a programming language such as PHP, Python, or Node.js. This will require providing the necessary credentials, including the database server, username, password, and database name.Once the connection is established, you can execute SQL queries to retrieve the desired data from specific tables or views within the database.
-
11 min readIncorporating sentiment analysis into a trading strategy involves using information about the overall sentiment or emotional tone of market participants to make trading decisions. Sentiment analysis relies on natural language processing techniques to analyze data from various sources such as news articles, social media posts, and financial reports to gauge the overall sentiment towards a particular asset, company, or market.
-
17 min readMoving Max is a popular swing trading strategy used by traders to identify potential entry and exit points in the stock market. It involves using Moving Averages (MA) to determine the maximum closing price over a specified period.In swing trading, traders aim to capture short-term price movements within a longer-term trend. Moving Max helps traders identify potential price peaks within a swing.
-
9 min readIn D3.js, you can easily access the parent node of a selected element using the d3.select().node().parentNode method. This allows you to obtain information or modify the attributes of the parent node.To get the data of the parent node, you can simply use the d3.select().node().parentNode.__data__ notation. The __data__ property contains the data bound to that particular element.For example, consider the following code snippet: // Select an element by its id var childElement = d3.
-
7 min readCandlestick patterns are a popular tool used in technical analysis to identify potential trend reversals and trading opportunities in the financial markets. These patterns are formed by the price data displayed on a candlestick chart, which represents the open, close, high, and low prices of a particular asset within a specific time period.Using candlestick patterns in a trading strategy involves analyzing the formation of these patterns to make informed trading decisions.
-
10 min readThe Mass Index (MI) is a technical indicator used in trading to identify potential reversals in price action. Developed by Donald Dorsey, it assists traders in spotting periods of consolidation before significant price movements occur.The Mass Index is primarily used to analyze changes in the average range between high and low prices over a specified period. It focuses on detecting price compression, which usually leads to price expansion.