Book Image

NumPy Beginner's Guide - Second Edition

By : Ivan Idris
Book Image

NumPy Beginner's Guide - Second Edition

By: Ivan Idris

Overview of this book

NumPy is an extension to, and the fundamental package for scientific computing with Python. In today's world of science and technology, it is all about speed and flexibility. When it comes to scientific computing, NumPy is on the top of the list. NumPy Beginner's Guide will teach you about NumPy, a leading scientific computing library. NumPy replaces a lot of the functionality of Matlab and Mathematica, but in contrast to those products, is free and open source. Write readable, efficient, and fast code, which is as close to the language of mathematics as is currently possible with the cutting edge open source NumPy software library. Learn all the ins and outs of NumPy that requires you to know basic Python only. Save thousands of dollars on expensive software, while keeping all the flexibility and power of your favourite programming language.You will learn about installing and using NumPy and related concepts. At the end of the book we will explore some related scientific computing projects. This book will give you a solid foundation in NumPy arrays and universal functions. Through examples, you will also learn about plotting with Matplotlib and the related SciPy project. NumPy Beginner's Guide will help you be productive with NumPy and have you writing clean and fast code in no time at all.
Table of Contents (19 chapters)
Numpy Beginner's Guide Second Edition
Credits
About the Author
About the Reviewers
www.PacktPub.com
Preface
Index

Time for action – drawing trend lines


Perform the following steps to draw trend lines:

  1. First, we need to determine the pivot points. We shall pretend they are equal to the arithmetic mean of the high, low, and close price.

    h, l, c = np.loadtxt('data.csv', delimiter=',', usecols=(4, 5, 6), unpack=True)
    
    pivots = (h + l + c) / 3
    print "Pivots", pivots

    From the pivots, we can deduce the so-called resistance and support levels. The support level is the lowest level at which the price rebounds. The resistance level is the highest level at which the price bounces back. These are not natural phenomena; mind you, they are merely estimates. Based on these estimates, it is possible to draw support and resistance trend lines. We will define the daily spread to be the difference between the high and low price.

  2. Define a function to fit line to data to a line where y = at + b. The function should return a and b. This is another opportunity to apply the lstsq function of the NumPy linalg package. Rewrite the...