Topics created by Nestrader

@nestrader
Spotting candle stick patterns is still a pretty subjective approach. It's not black and white, no pattern configuration exactly look like another.
Then working with a list of rigid conditions, you have this dilemma : a) if the conditions are strict, youll have little or no signal b) if the conditions are not too strict youll have a lot of false signals.
For me the better way of finding these patterns is by working with scores. Then the only condition will be : is the score above a certain threshold ? But for that you need to be able to convert the patterns configurations into a representative score number through mathematical formulas.