In this chapter, we will go through some popular methods of technical analysis and show how to apply them while analyzing market data. We will perform basic algorithmic trading using market trends, support, and resistance.
You may be thinking of how we can come up with our own strategies? And are there any naive strategies that worked in the past that we can use by way of reference?
As you read in the first chapter of this book, mankind has been trading assets for centuries. Numerous strategies have been created to increase the profit or sometimes just to keep the same profit. In this zero-sum game, the competition is considerable. It necessitates a constant innovation in terms of trading models and also in terms of technology. In this race to get the biggest part of the pie first, it is important to know the basic foundation of analysis...