can we recognition Chart and price Pattern Using Python, ML, deep learning algorithms?
If yes Please share the example
Hello Shirish,
You can either hardcode the patterns or use a python library or use ML methods such as LSTM or deep learning to make the program detect the patterns for you.
For example, for candlestick patterns, you can define the patterns by hardcoding i.e. identifying the body and range of candles and defining rules to label them as one of the standard candle stick patterns. (EXAMPLE)
You can also use the python library 'TA-lib' to detect candlestick patterns (EXAMPLE). You can also use deep learning to extract patterns from the candlestick data (EXAMPLE).
Similarly, to detect line chart patterns, you can take two approaches. Either you can hardcode standard patterns (EXAMPLE) or use ML methods to extract patterns ( EXAMPLE-1 , EXAMPLE-2, EXAMPLE-3 ).
Very soon, we are launching courses on price/chart pattern scanners, trading strategies based on price/chart patterns and backtesting them.
Hope this helps!
Thank you