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2007 Dec 15 - Sat

Candle Analysis for SmartQuantLibraries

A couple of posts at the SmartQuant forums have requested information on Candle definitions and analysis. Here are two C# modules which can used as a basis for your own analysis and signal generation:

There are various knobs you can make use, with 'bald' (which controls when a hair is detected) being the main one. There are some percentages which I should have set as constants scattered through the code (0.40 being one of them), which set whether something is relatively long bodied or short bodied.

If you have changes, let me know, I'll add them and repost.

The source of inspiration was Bigelow's Profitable Candlestick Trading.

[/Trading/SmartQuant/Articles] permanent link



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Ray Burkholder
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Disclaimer: This site may include market analysis. All ideas, opinions, and/or forecasts, expressed or implied herein, are for informational purposes only and should not be construed as a recommendation to invest, trade, and/or speculate in the markets. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise.