Raja Kumar 1
CandleStickPatterns Non Parametric Sign Test
The base AFL script for this system is from the AFL library.
I have added a non-parametric sign test to ascertain the statistical significance of the market action after a candlestick pattern occurs. The p-value is calculated via a call to the statistical package R.
The blue bar identifies the bar when the pattern is complete.
The dotted orange vertical bar indicates the exit bar.
In this case the pattern is a 3 bar pattern and the holding period has been set as 3 bars.
CandleStickPatterns Non Parametric Sign Test
The base AFL script for this system is from the AFL library.
I have added a non-parametric sign test to ascertain the statistical significance of the market action after a candlestick pattern occurs. The p-value is calculated via a call to the statistical package R.
The blue bar identifies the bar when the pattern is complete.
The dotted orange vertical bar indicates the exit bar.
In this case the pattern is a 3 bar pattern and the holding period has been set as 3 bars.