Ohlc — Indikatoren und Signale — TradingView

Idea that needs someone that can actually program

Hello guys,
First of all, if I had this idea odds are at least 100 other people have had it too so if y'all can point me in their direction and see how they have applied it, I would be thankful. I have been getting into neural networks a lot lately, and one of my first thoughts was to use them for the forex market. The main issue I ran into, however, was how to present the data to the NN.
The thing most, if not all, examples I have read do is that they use an x number of previous candles + an indicator of some sort and maybe pairing it with another coin or some other variable to predict the next candle's closing price, or high, or low. After giving it a shot myself, it has been lackluster at best, and a complete failure at worst.
The idea I have been thinking about was the following: use the previous x candles and indicators and other pairs and whatever not to predict the next candle, but to instead predict if at some point, any point, in the future, the price will rise by a certain amount (say 100 pips), or drop by that same amount.
If we had a chart with the data for each candle (OHLC, an indicator's value, and another pair's value at that moment in time, for instance, all of which can be obtained from TradingView), and we associated with each candle a 1 if the first thing that happens at some point in the future is that it goes up by, say, 50 pips, or a 0 if the next thing that happens is that it goes down by 50 pips, then the neural network could be trained to predict based on the past if you trade on this candle, the price will go up by 50 pips in the future, in which case you enter the trade with a take-profit of 50 pips, and a SL of 50 pips, or if it will decrease by 50 pips in the future, in which case you do the opposite.
That's the idea. If anyone's done it before, I would appreciate a link to their work, and if anyone thinks this is dumb, do tell me too.
submitted by MrStealYourFrog to algotrading [link] [comments]

some helphul common terms for forex traders

Common terms:

submitted by livmarsh1992- to u/livmarsh1992- [link] [comments]

New to algo-trading but want to automate a simple yet profitable system, where to start ?

Hi everyone,
Probably important: I only trade FOREX.
I have decent Python programming skills, though my background is in biology so I'm having a hard time understanding a lot of the techy language I come across. My knowledge is limited to what is inside the IDE, in other words. I also have several years of experience in manual trading using technical analysis.
I've got a very simple system I would like to automate. The logic seems really straightforward: it looks at candles during a specific time of the day. If the OHLC (open, high, low, close) ratios meet specific criteria, it enters at market on the next candle and trails the stop loss until stopped out.
Trying to implement it somehow turned out very confusing, though. Does anyone have any suggestions on where to begin? And I mean begin from scratch, I don't even know what platform to use (I think Alpaca only does stocks, not forex?).
(I use Oanda as my broker.)
submitted by BiologyTraderGuy to algotrading [link] [comments]

Forex Charts as Tools in FX Trading

Forex Charts as Tools in FX Trading
Forex Charts as Tools in FX Trading
Forex trading is not a guessing game. It involves analysis of data and constant vigilance on the side of the trader in order to form an intelligent decision when it comes to making an investment. Traders often use a variety of tools and systems in order to help them determine the trends of the market. Using Forex charts is not uncommon as it helps in visualizing the trends and help traders quantify and understand the trends more accurately. Some of the most popular charts used by FX traders are the line, the bar and the candlestick.
The Line Chart
https://preview.redd.it/spzblmjpkq711.png?width=550&format=png&auto=webp&s=fc276e6f0d7ca17c6444024807d02e30e6b9eda6
The line chart is the most basic of the three commonly used charts in Forex. Its name is derived from the series of interconnecting lines of data points formed by tracing the patterns of closing prices over a period of time. Relying on the line chart alone is not enough to make an accurate analysis, however, its strength as a tool is due to the clear visual it provides when it comes to data regarding closing prices from one period to another.
Determining the closing price is important for traders as it sets the value of a particular currency of a given market before trading starts again the next day at that same market. It can also be used to better understand the market sentiment on a given trading day by comparing it to the closing price of a previous date.
The Bar Chart
https://preview.redd.it/b5mlupuqkq711.png?width=550&format=png&auto=webp&s=80eb5e17d00dc9881e0483c5198aace79f2f3c8c
The bar chart is also known as the "OHLC" chart referring to the data displayed on the bar which are the open, high, low and close of a traded currency in a specific market in a given period of time. It is important to first determine the period covered on the chart in order to accurately understand the trend.
As opposed to the interconnected lines in the line chart, the bar chart is represented by vertical lines with horizontal dashes on each side. The topmost part of the bar represents the high.? The dash on the upper part pointing to the right represents the close and the dash on the lower part pointing to the left is the open. The lowest part of the bar represents the low. The advantage of the bar chart over the line chart is that it allows the trader to analyze not only the opening and closing of a currency price but the highs and lows as well.
The Candlestick Chart
https://preview.redd.it/on3vumnrkq711.png?width=550&format=png&auto=webp&s=694676fefc5498a3b0d634434c9b46dd24e1392a
The candlestick chart, also known as the Japanese candlestick chart is probably the most widely used of the three charts but also the most complicated. Its name was derived from its display representation which resembles an upright candlestick with the body representing the price opening and price closing and the wicks on both ends representing the highest price and the lowest price of the day respectively. The term Japanese implies its origin being the analysis tool used in Japanese trading since the 1700s.
The candlestick chart takes into consideration all the variables that are used in both the line and bar chart. In addition to these, it also includes in the analysis the emotion of traders as reflected on the data of a given trading day. As opposed to the other charts which analyze data of a given day's opening from the closing price of the previous day, the candlestick chart analyzes data from the opening of one particular trading day up to its closing. It also provides for a clearer visual as it uses a color coded approach in representing the uptrend and downtrend of the market.
Because of its combination approach in analyzing trends, it is thought to be the most accurate of the three commonly used chart analysis tools.
https://www.fxshooting.com
submitted by fxshooting to u/fxshooting [link] [comments]

How can I get this code to work, I want to have a closure function return an object to access private functions?

Ok so I am pretty new to Go since I have been learning for about 2 days, so I apologize for the super basic question.
So anyways right now I am trying to build a micro service that streams fake simulated stock data via web sockets to a client. The data used is essentially a months worth of historical m1(minute bar data) i got here. The data is stored in redis as a JSON object that is an Array of floats [1081.8, 1101.2, 1060.1, 1090.2] which is the exchange rate of EUUSD (multiplied by 1000) of that current minutes Open value, Highest value, Lowest value, Closing Value, but I stream these points 10 times a second from a Node.js service I spun up, the timestamps are created on the client side since it's a simulation.
Here Is what I do with the data Fake early build of sample trading platform
For the Go Service here is what I have:
This is the Main package on github
This is the closure object thing I am trying to make SymbolSock I uploaded it in github so that comments are easier to read, since it explains what each function/struct does.
symbolHandler explained:
When a client sends in a request to subscribe to a Feed such as GBP/JPY a new struct instance is created called symbolPush
type symbolPush struct{ symbol string clients int feed string lastV float32 atIndex int } 
a SymbolPush instance stores an index atIndex which is the index of the shared dataset, it's symbol (which is like it's namespace/websocket channel) and the last closing price.
Also I have a scale-like case class: Which is used by a function I append to the symbolPush struct to send out an instance to be eventually stringified like this conn.WriteJSON(the return value)
 type seriesPoint struct { Symbol string `json:"symb"` LastValue float32 `json:"lastVal"` MinValue float32 `json:"min"` PointData OHLC `json:"data"` } func (s *symbolPush) GetPoint() seriesPoint { s.atIndex++ lastVV := s.lastV if(s.atIndex == (len(dataPoints) -1)){ s.atIndex = 0 } //index 3 is the close value s.lastV = dataPoints[s.atIndex][3] minVal := dataPoints[s.atIndex][2] return seriesPoint{ Symbol: s.symbol, LastValue: lastVV, MinValue: minVal, PointData: dataPoints[s.atIndex], } } 
Now right now it's obvious I am not returning anything that can be used from symbolsock since last night I deleted my old code since it wasn't working and just left it incomplete since I feel I would like to hear some input before I do a sloppy solution.
What I want to have returned from symbolsock is essentially an object that can do this:
Step1:
call the closure function with the JSONblob and return an object like seriesSockets := symbolsock.SymbolStream(theData)
Step2:
Use this object to seriesSockets.joinStream("APPL") which will call newStream function in symbol sockets, either creating a new struct or incrementing the clients field.
Also:
signal when a user has unsubscribed to a feed, which will delete the feed if clients == 0
Also:
get a point from these structs to be broadcasted to subscribed clients like seriesSockets.getSeriesPoint("APPL")
So my main question is how can I return an object like seriesSockets that accomplishes these things?
Oh here are the Go Playgrounds: main symbolSock
Also for readability here are is the github repo
Thanks!
Also I should mention I asked a question earlier which I will get back to once I have more information, but they're related.
submitted by TheBeardofGilgamesh to golang [link] [comments]

Noob'ish questions - What's wrong with these two tactics?

1) Is "averaging" ask/bid data to tweak algo problematic?
Im sure you guys know, but forex data comes in pair - ask (price / volume) and bid (price / volume)
Currently, im taking the average (ask + bid / 2) to calculate OHLC for both price and via pandas. What is the fundamental problem with using the average to write your algo? I would think that it might be smarter to calculate long entry position based on ask price & volume... and short position on bid price / volume, but this would mean keeping "two" copies of data stream
2) What are known problems using stop limit orders to minimize slippage, other than missing out on potential orders in markets with low volume and fast moving markets? THe only thing I would guess is that creating the stop limit order "gives" hints to the broker... who might be using it against you if their not None-Dealing-Desk broker.
submitted by taewoo to algotrading [link] [comments]

OHLC Forex.wmv What is OHLC Understanding Open High Low and closing price ... How to Use OHLC Price Levels Forex Foundational Topics - PRICE & OHLC Trading Price Action Using Line Charts (Old School Forex ... Bar Chart Introduction - Open High Low Close (OHLC), Range ... OHLC Strategy for Intraday with exclusive Indicator trick ...

Please be aware that trading the forex market carries high level of risk, and therefore, it may be not for everyone. Before deciding to trade foreign exchange with real money you should carefully consider your personal circumstances like the level of experience, risk tolerance, and investment objectives. The possibility exists that fx trading could lead to a partial or total loss of your ... Especially an OHLC bars one. Because the Forex market moves rapidly, traders have difficulties integrating the move in a strategy. But, simple things work best. And, if anything, bars Forex charts are simple. Remember the key: the open is always on the left. And the closing on the right. One major advantage of these Forex charts is that trends are easy to spot. And ride. On the other hand, any ... OHLC Chart: Short for "Open, High, Low, Close chart." This is a securities chart that clearly shows the opening, high, low and closing prices for a security. It should be noted that Forex is a leverage based market. It should be remembered that leverage can work both in your advantage and disadvantage as well. Therefore there is high risk of losing a part or all of your financial input placed on your account and because of that you should remember to trade with the amount of money which you can lose without taking any influential financial damage. Many people are watching opening price on each time axis. Opening price is very important. This indicator displays OHLC Open as a line in multiple time frame. If open is close to high or low, the color of the line changes. The fact that they are close means the strength of the market flow and the firmness of that price range. Note: The color of ... OHLC Lines: I have often seen traders mention about the importance of knowing the closing of the previous day, the opening of the current day, calculating the - English . Market Sections. Forum ... ohlc — Sehen Sie sich die Trading Ideen, Strategien, Meinungen und Analysen absolut kostenlos an! — Indikatoren und Signale

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OHLC Forex.wmv

This is the introductory video to the Chart Pattern section at FinVids.com. It discusses the four parts of the Bar Chart: Open, High, Low, and Close and disc... Short video explaining price and OHLC in Forex Trading. Category Howto & Style; ... 95% Winning Forex Trading Formula - Beat The Market Maker📈 - Duration: 37:53. TRADE ATS 768,518 views. 37:53 ... What is OHLC Understanding Open High Low and closing price of a share Website: http://www.iamsulthan.in Facebook page: https://www.facebook.com/www.iamsultha... In this video you’ll discover: • what are line charts and how line charts work in Forex and stock market • how to trade and how to read line charts (how to b... Forex Trading Episode #2 OHLC. Zaman CariGold kau tak tahu, kena bahan wehh. - Duration: 10:02. Syamim Syamim 2,841 views. 10:02. How to Live Day Trade Cheap Options - Duration: 7:42. Simpler ... Klip Video ini bertujuan untuk berkongsi pengetahuan mengenai bidang Forex Trading serta strategi-strategi yang boleh digunakan untuk menjana pendapatan yang... THIS VIDEO IS JUST FOR EDUCATIONAL PURPOSE. Our YOUTUBE Channel- SWING TRADING F&O and all individuals affiliated with this Channel assume NO RESPONSIBILITIE...

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