What Are OHLC Charts & How To Trade Them Honest Forex ...

Idea that needs someone that can actually program

Hello guys,
First of all, if I had this idea odds are at least 100 other people have had it too so if y'all can point me in their direction and see how they have applied it, I would be thankful. I have been getting into neural networks a lot lately, and one of my first thoughts was to use them for the forex market. The main issue I ran into, however, was how to present the data to the NN.
The thing most, if not all, examples I have read do is that they use an x number of previous candles + an indicator of some sort and maybe pairing it with another coin or some other variable to predict the next candle's closing price, or high, or low. After giving it a shot myself, it has been lackluster at best, and a complete failure at worst.
The idea I have been thinking about was the following: use the previous x candles and indicators and other pairs and whatever not to predict the next candle, but to instead predict if at some point, any point, in the future, the price will rise by a certain amount (say 100 pips), or drop by that same amount.
If we had a chart with the data for each candle (OHLC, an indicator's value, and another pair's value at that moment in time, for instance, all of which can be obtained from TradingView), and we associated with each candle a 1 if the first thing that happens at some point in the future is that it goes up by, say, 50 pips, or a 0 if the next thing that happens is that it goes down by 50 pips, then the neural network could be trained to predict based on the past if you trade on this candle, the price will go up by 50 pips in the future, in which case you enter the trade with a take-profit of 50 pips, and a SL of 50 pips, or if it will decrease by 50 pips in the future, in which case you do the opposite.
That's the idea. If anyone's done it before, I would appreciate a link to their work, and if anyone thinks this is dumb, do tell me too.
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Forex Charts as Tools in FX Trading

Forex Charts as Tools in FX Trading
Forex Charts as Tools in FX Trading
Forex trading is not a guessing game. It involves analysis of data and constant vigilance on the side of the trader in order to form an intelligent decision when it comes to making an investment. Traders often use a variety of tools and systems in order to help them determine the trends of the market. Using Forex charts is not uncommon as it helps in visualizing the trends and help traders quantify and understand the trends more accurately. Some of the most popular charts used by FX traders are the line, the bar and the candlestick.
The Line Chart
https://preview.redd.it/spzblmjpkq711.png?width=550&format=png&auto=webp&s=fc276e6f0d7ca17c6444024807d02e30e6b9eda6
The line chart is the most basic of the three commonly used charts in Forex. Its name is derived from the series of interconnecting lines of data points formed by tracing the patterns of closing prices over a period of time. Relying on the line chart alone is not enough to make an accurate analysis, however, its strength as a tool is due to the clear visual it provides when it comes to data regarding closing prices from one period to another.
Determining the closing price is important for traders as it sets the value of a particular currency of a given market before trading starts again the next day at that same market. It can also be used to better understand the market sentiment on a given trading day by comparing it to the closing price of a previous date.
The Bar Chart
https://preview.redd.it/b5mlupuqkq711.png?width=550&format=png&auto=webp&s=80eb5e17d00dc9881e0483c5198aace79f2f3c8c
The bar chart is also known as the "OHLC" chart referring to the data displayed on the bar which are the open, high, low and close of a traded currency in a specific market in a given period of time. It is important to first determine the period covered on the chart in order to accurately understand the trend.
As opposed to the interconnected lines in the line chart, the bar chart is represented by vertical lines with horizontal dashes on each side. The topmost part of the bar represents the high.? The dash on the upper part pointing to the right represents the close and the dash on the lower part pointing to the left is the open. The lowest part of the bar represents the low. The advantage of the bar chart over the line chart is that it allows the trader to analyze not only the opening and closing of a currency price but the highs and lows as well.
The Candlestick Chart
https://preview.redd.it/on3vumnrkq711.png?width=550&format=png&auto=webp&s=694676fefc5498a3b0d634434c9b46dd24e1392a
The candlestick chart, also known as the Japanese candlestick chart is probably the most widely used of the three charts but also the most complicated. Its name was derived from its display representation which resembles an upright candlestick with the body representing the price opening and price closing and the wicks on both ends representing the highest price and the lowest price of the day respectively. The term Japanese implies its origin being the analysis tool used in Japanese trading since the 1700s.
The candlestick chart takes into consideration all the variables that are used in both the line and bar chart. In addition to these, it also includes in the analysis the emotion of traders as reflected on the data of a given trading day. As opposed to the other charts which analyze data of a given day's opening from the closing price of the previous day, the candlestick chart analyzes data from the opening of one particular trading day up to its closing. It also provides for a clearer visual as it uses a color coded approach in representing the uptrend and downtrend of the market.
Because of its combination approach in analyzing trends, it is thought to be the most accurate of the three commonly used chart analysis tools.
https://www.fxshooting.com
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ASK John - Ohlc or candle stock chart Matplotlib Tutorial 14 - candlestick OHLC graphs Trading 101: Candlesticks charts VS Bar Charts (OHLC ... Bar Chart Introduction - Open High Low Close (OHLC), Range ... Trading Price Action Using Line Charts (Old School Forex ... Candlesticks vs. OHLC bars on FX Charts - forexkarate.com Candlesticks  OHLC Data  Python for Beginners  Quantra Free Course

Final Thoughts. Unlike other indicators like the RSI and moving averages, OHLC does not provide pointers as to where the price of an asset will move.. Instead, OHLC helps provide an indication as to how the assets are trading and the ranges to watch. External Useful Resources. How to create Candlestick (or OHLC) charts for share prices – The Data School ... OHLC charts conclusion. The OHLC charts are an effective way to measure the price movements. They present more data than line charts, and are similar to the candlestick charts. Various traditional trading patterns can also appear on the OHLC charts. Becoming a successful forex trader can take many years of practice. It is not easy to make a ... In Forex charts analysis, the OHLC shows a range. The time frame tells it. So, if you look at a bar chart Forex traders use on the four-hour time frame, that’s the range. Four hours. It shows the time of the bar. Or, a candle, if you use a candlestick chart. Therefore, an OHLC chart shows multiple bars. And, each bar represents a period of time given by the time frame. As such, a five-minute ... OHLC Chart: Short for "Open, High, Low, Close chart." This is a securities chart that clearly shows the opening, high, low and closing prices for a security. The OHLC is similar to the HLC bar. In addition to showing highs and lows for each period and a tick for the closing price, it also provides a horizontal tick to the left, showing the opening mid-price for the period. HEIKIN-ASHI CHART Meaning "average bar" in Japanese, this is a modified candlestick chart where the open-high-low-close (OHLC) values take the previous period into account to ... websocket pandas interactive-charts matplotlib financial-data financial-analysis technical-indicators ohlc static-charts twelve-data twelvedata ... -rates market-data cfd etf stock-data stock-prices historical-data dukascopy tick-data candlestick-chart commodities ohlc forex-data Updated Sep 13, 2020; TypeScript; valamidev / candlestick-convert Star 14 Code Issues Pull requests [NPM] OHLCV ... Description. Also known as OHLC Chart, Price Chart, Bar Chart.. Open-high-low-close Charts (or OHLC Charts) are used as a trading tool to visualise and analyse the price changes over time for securities, currencies, stocks, bonds, commodities, etc. OHLC Charts are useful for interpreting the day-to-day sentiment of the market and forecasting any future price changes through the patterns produced.

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ASK John - Ohlc or candle stock chart

It is imperative that we mention Candlesticks in the section on Data Visualization, as candlesticks are arguably the most beautiful and widely used representation of OHLC data. In this Trading 101 video we go over the difference between candlesticks charts and Bar charts otherwise known as open high low close (OHLC). Both of these c... In this Matplotlib tutorial, we're going to cover how to create open, high, low, close (OHLC) candlestick charts within Matplotlib. These graphs are used to display time-series stock price ... This is the introductory video to the Chart Pattern section at FinVids.com. It discusses the four parts of the Bar Chart: Open, High, Low, and Close and disc... OHLC Trading Chart - bse2nse.com - Duration: 12:41. ... My 50 pips a day forex strategy - VERY SIMPLE STRATEGY - Duration: 10:01. AndyW Forex Trader 524,319 views. 10:01. Bar Charts versus ... ASK John - Ohlc or candle stock chart Free Trading course -- http://officialjohnhowell.com/ytfc/ http://officialjohnhowell.com/ In this video , I'm going to ... In this video you’ll discover: • what are line charts and how line charts work in Forex and stock market • how to trade and how to read line charts (how to b...

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