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To my understanding, Ta-Lib does not detect technical patterns such as Head and Shoulder, Flag, Wedge or Double Top.
Is there any automatic way to detect such technical patterns?
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1$\begingroup$ Does this answer your question? Designing scanning logic of past history for probability of common market pattern re-occurrences in single timeframe $\endgroup$Dimitri Vulis– Dimitri Vulis2024年03月17日 22:10:29 +00:00Commented Mar 17, 2024 at 22:10
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2$\begingroup$ TA and QF are two distinct things, see here. $\endgroup$user70573– user705732024年03月17日 22:12:29 +00:00Commented Mar 17, 2024 at 22:12
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$\begingroup$ @Alex, agree. The objective is to develop an algebraic representation of TA concepts and utilize them as points of confluence. $\endgroup$Allan Xu– Allan Xu2024年03月18日 02:01:07 +00:00Commented Mar 18, 2024 at 2:01
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$\begingroup$ @DimitriVulis, the post is in a right direction, but what is the algorithm to detect top nodes, so being able to model them like 4,-1,2,-2,1,-1? I am hoping to have a complete answer this time. $\endgroup$Allan Xu– Allan Xu2024年03月18日 02:03:22 +00:00Commented Mar 18, 2024 at 2:03
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1$\begingroup$ Allan: The link below is a nice paper explaining how the use of moving averages ( MACD is in the appendix ) is really just a comparison of shorter term returns and longer term returns. So, although, it doesn't answer your question, I found it enlightening because it shows how, atleast in some cases, TA is not all voodoo and magic. papers.ssrn.com/sol3/papers.cfm?abstract_id=2604942 $\endgroup$mark leeds– mark leeds2024年03月18日 05:35:23 +00:00Commented Mar 18, 2024 at 5:35
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