Does anyone have experience/recommendations regarding automating technical analysis? I've been interested in it for a while as a way to save time looking at tons of charts and to more easily look at large sections of the market.
I've written a python script that scans the S&P500 stocks and uses RSI, Bollinger bands, and ADX to I identify possible entry points. My hope is to build a system that'll flag like 10-20 opportunities a week that I can then manually review and decide to buy or not.
My goal is relatively short term trading, without going into single day trading. So holding for a couple days to a couple weeks.
Thoughts? Has anyone done this and has recommendations? Is anyone more experience with technical analysis and willing to give some pointers for indicators that can be relatively easily put into code?
Or even a good book recommendation to better understand technical analysis would be great. I think the script I have now is nice. But I'm sure the algorithm for finding potential entry points could use a lot of tweaking
[link] [comments] https://www.reddit.com/r/stocks/comments/14bv1vl/automated_technical_analysis/
Login to add comment
Other posts in this group
Please use this thread to discuss your portfolio, learn of other stock tickers, and help out users by giving constructive criticism.
Why quarterly? Public comp
When you sell a stock to buy another stock, do you prefer to set the estimated amount of the capital gains taxes aside in a money market or do you think it better to
Saving for retirement is crucial, but relying solely on a 401(k) might not be enough due to high inflation. Consider investing in growth stocks, especially in the tec
I’m think this is not a good investment as there is no chatter at all on the 52 week low. They are involved in a class action lawsuits by investors and credit card co
Sorry if this is the wrong sub. Let’s say I had $1 million in VOO but I wanted to sell half of it to buy SCHD. It would suck to pay taxes on $500k. So how would you g
Hey guys, I did a deep dive into Crocs. In this analysis, I will do a brief breakdown of the company and go over some quantitative data, qualitative data and estimate
