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Candle charts for financial technical analysis

Author

Listed:
  • Mehmet F. Dicle

    (Loyola University New Orleans)

Abstract

Technical analysis is an important part of financial industry, research, and teaching. The methodology has two parts: i) calculation of the individual tools and ii) visual representations. In this article, I provide a community-contributed command, candlechart, to draw the most common technical analysis charts. My intent is to draw these charts similarly to industry examples. The popular can- dle price chart is combined with charts for volume, moving-average convergence divergence, relative strength index, and Bollinger bands.

Suggested Citation

  • Mehmet F. Dicle, 2019. "Candle charts for financial technical analysis," Stata Journal, StataCorp LP, vol. 19(1), pages 200-209, March.
    • Handle: RePEc:tsj:stataj:v:19:y:2019:i:1:p:200-209
    DOI: http://hdl.handle.net/10.1177/1536867X19830918
    Note: to access software from within Stata, net describe http://www.stata-journal.com/software/sj19-1/gr0076/
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