A candlestick is a type of price chart used in technical analysis that displays the high, low, open, and closing prices of a security for a specific period.
In this video, Traders and Investors will learn step-by-step preparation of Candlesticks Screener along with formulas. With one time effort, traders can prepare their own Screener to filter and select stocks based on Candlesticks formation like Bullish, Bearish, Doji, Hammer and Inverted Hammer on a daily time frame for next day trading. This will help traders who do not wish to download screening apps which contain a lot of ads unless subscribed to paid plans.
AS MENTIONED IN THE VIDEO, REFER TO BELOW LINK FOR THE LONG AND LENGTHY CANDLESTICK FORMULA
LINK - https://docs.google.com/document/d/e/2PACX-1vQmsXgQxgw26RuwBg0Wfqs3NJCAVpOfttIauP0FjyVV5nRj4gy-3l_8FDyMeshzmIPxLodHWmzTIR1V/pub
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MOVING AVERAGE: According to Investopedia, A moving average (MA) is a stock indicator commonly used in technical analysis. The moving average helps to level the price data over a specified period by creating a constantly updated average price. A simple moving average (SMA) is a calculation that takes the arithmetic mean of a given set of prices over a specific number of days in the past. In this video, Traders and Investors will learn step-by-step preparation of Stock Selection with 20 and 50 day Simple Moving Averages Screener along with formulas. With one time effort, Traders and Investors can prepare their own Screener to check the status of various stocks which are trending up/down to take informed decisions. This will help traders who do not wish to download screening apps which contain a lot of ads unless subscribed to paid plans.
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