SlideShare una empresa de Scribd logo
1 de 13
Murphy Choy
A simple introduction to Candlestick
charts in SAS
Background
 One of the key tools that is widely used in stock
trading, commodities trading and even currency
trading
 Tool of choice for many famous investors who
have made their millions
History
 Adopted from the world of rice trading
 Homma Munehisa in the mid-1700
Key Advantages
 Easy to understand
 Key information can be extracted for any period
of time
Example
Candlestick bar – the anatomy
Candlestick bar – the anatomy
 Large number of possible combinations of the
information
 Some have importance in that they are signals
for subsequent behaviors
Key Pointers
 The hammer or hanging man is a simple name
that suggests a particular type of candlestick bar
which has the following characteristics.
• The (thick) real body is at the upper end of the recent
price range— whether it is solid or hollow is
unimportant.
• A long, lower shadow (thin line) should be twice the
height of the real body.
• It should have no upper shadow or a very short one.
Example
More Examples
Running in SAS
Running in SAS
A simple introduction to candlestick charts in sas

Más contenido relacionado

Último

Rock Songs common codes and conventions.pptx
Rock Songs common codes and conventions.pptxRock Songs common codes and conventions.pptx
Rock Songs common codes and conventions.pptxFinatron037
 
How is Real-Time Analytics Different from Traditional OLAP?
How is Real-Time Analytics Different from Traditional OLAP?How is Real-Time Analytics Different from Traditional OLAP?
How is Real-Time Analytics Different from Traditional OLAP?sonikadigital1
 
Master's Thesis - Data Science - Presentation
Master's Thesis - Data Science - PresentationMaster's Thesis - Data Science - Presentation
Master's Thesis - Data Science - PresentationGiorgio Carbone
 
Virtuosoft SmartSync Product Introduction
Virtuosoft SmartSync Product IntroductionVirtuosoft SmartSync Product Introduction
Virtuosoft SmartSync Product Introductionsanjaymuralee1
 
Strategic CX: A Deep Dive into Voice of the Customer Insights for Clarity
Strategic CX: A Deep Dive into Voice of the Customer Insights for ClarityStrategic CX: A Deep Dive into Voice of the Customer Insights for Clarity
Strategic CX: A Deep Dive into Voice of the Customer Insights for ClarityAggregage
 
CCS336-Cloud-Services-Management-Lecture-Notes-1.pptx
CCS336-Cloud-Services-Management-Lecture-Notes-1.pptxCCS336-Cloud-Services-Management-Lecture-Notes-1.pptx
CCS336-Cloud-Services-Management-Lecture-Notes-1.pptxdhiyaneswaranv1
 
The Universal GTM - how we design GTM and dataLayer
The Universal GTM - how we design GTM and dataLayerThe Universal GTM - how we design GTM and dataLayer
The Universal GTM - how we design GTM and dataLayerPavel Šabatka
 
Optimal Decision Making - Cost Reduction in Logistics
Optimal Decision Making - Cost Reduction in LogisticsOptimal Decision Making - Cost Reduction in Logistics
Optimal Decision Making - Cost Reduction in LogisticsThinkInnovation
 
Elements of language learning - an analysis of how different elements of lang...
Elements of language learning - an analysis of how different elements of lang...Elements of language learning - an analysis of how different elements of lang...
Elements of language learning - an analysis of how different elements of lang...PrithaVashisht1
 
TINJUAN PEMROSESAN TRANSAKSI DAN ERP.pptx
TINJUAN PEMROSESAN TRANSAKSI DAN ERP.pptxTINJUAN PEMROSESAN TRANSAKSI DAN ERP.pptx
TINJUAN PEMROSESAN TRANSAKSI DAN ERP.pptxDwiAyuSitiHartinah
 
Mapping the pubmed data under different suptopics using NLP.pptx
Mapping the pubmed data under different suptopics using NLP.pptxMapping the pubmed data under different suptopics using NLP.pptx
Mapping the pubmed data under different suptopics using NLP.pptxVenkatasubramani13
 
Persuasive E-commerce, Our Biased Brain @ Bikkeldag 2024
Persuasive E-commerce, Our Biased Brain @ Bikkeldag 2024Persuasive E-commerce, Our Biased Brain @ Bikkeldag 2024
Persuasive E-commerce, Our Biased Brain @ Bikkeldag 2024Guido X Jansen
 
Cash Is Still King: ATM market research '2023
Cash Is Still King: ATM market research '2023Cash Is Still King: ATM market research '2023
Cash Is Still King: ATM market research '2023Vladislav Solodkiy
 
5 Ds to Define Data Archiving Best Practices
5 Ds to Define Data Archiving Best Practices5 Ds to Define Data Archiving Best Practices
5 Ds to Define Data Archiving Best PracticesDataArchiva
 
CI, CD -Tools to integrate without manual intervention
CI, CD -Tools to integrate without manual interventionCI, CD -Tools to integrate without manual intervention
CI, CD -Tools to integrate without manual interventionajayrajaganeshkayala
 
ChistaDATA Real-Time DATA Analytics Infrastructure
ChistaDATA Real-Time DATA Analytics InfrastructureChistaDATA Real-Time DATA Analytics Infrastructure
ChistaDATA Real-Time DATA Analytics Infrastructuresonikadigital1
 

Último (16)

Rock Songs common codes and conventions.pptx
Rock Songs common codes and conventions.pptxRock Songs common codes and conventions.pptx
Rock Songs common codes and conventions.pptx
 
How is Real-Time Analytics Different from Traditional OLAP?
How is Real-Time Analytics Different from Traditional OLAP?How is Real-Time Analytics Different from Traditional OLAP?
How is Real-Time Analytics Different from Traditional OLAP?
 
Master's Thesis - Data Science - Presentation
Master's Thesis - Data Science - PresentationMaster's Thesis - Data Science - Presentation
Master's Thesis - Data Science - Presentation
 
Virtuosoft SmartSync Product Introduction
Virtuosoft SmartSync Product IntroductionVirtuosoft SmartSync Product Introduction
Virtuosoft SmartSync Product Introduction
 
Strategic CX: A Deep Dive into Voice of the Customer Insights for Clarity
Strategic CX: A Deep Dive into Voice of the Customer Insights for ClarityStrategic CX: A Deep Dive into Voice of the Customer Insights for Clarity
Strategic CX: A Deep Dive into Voice of the Customer Insights for Clarity
 
CCS336-Cloud-Services-Management-Lecture-Notes-1.pptx
CCS336-Cloud-Services-Management-Lecture-Notes-1.pptxCCS336-Cloud-Services-Management-Lecture-Notes-1.pptx
CCS336-Cloud-Services-Management-Lecture-Notes-1.pptx
 
The Universal GTM - how we design GTM and dataLayer
The Universal GTM - how we design GTM and dataLayerThe Universal GTM - how we design GTM and dataLayer
The Universal GTM - how we design GTM and dataLayer
 
Optimal Decision Making - Cost Reduction in Logistics
Optimal Decision Making - Cost Reduction in LogisticsOptimal Decision Making - Cost Reduction in Logistics
Optimal Decision Making - Cost Reduction in Logistics
 
Elements of language learning - an analysis of how different elements of lang...
Elements of language learning - an analysis of how different elements of lang...Elements of language learning - an analysis of how different elements of lang...
Elements of language learning - an analysis of how different elements of lang...
 
TINJUAN PEMROSESAN TRANSAKSI DAN ERP.pptx
TINJUAN PEMROSESAN TRANSAKSI DAN ERP.pptxTINJUAN PEMROSESAN TRANSAKSI DAN ERP.pptx
TINJUAN PEMROSESAN TRANSAKSI DAN ERP.pptx
 
Mapping the pubmed data under different suptopics using NLP.pptx
Mapping the pubmed data under different suptopics using NLP.pptxMapping the pubmed data under different suptopics using NLP.pptx
Mapping the pubmed data under different suptopics using NLP.pptx
 
Persuasive E-commerce, Our Biased Brain @ Bikkeldag 2024
Persuasive E-commerce, Our Biased Brain @ Bikkeldag 2024Persuasive E-commerce, Our Biased Brain @ Bikkeldag 2024
Persuasive E-commerce, Our Biased Brain @ Bikkeldag 2024
 
Cash Is Still King: ATM market research '2023
Cash Is Still King: ATM market research '2023Cash Is Still King: ATM market research '2023
Cash Is Still King: ATM market research '2023
 
5 Ds to Define Data Archiving Best Practices
5 Ds to Define Data Archiving Best Practices5 Ds to Define Data Archiving Best Practices
5 Ds to Define Data Archiving Best Practices
 
CI, CD -Tools to integrate without manual intervention
CI, CD -Tools to integrate without manual interventionCI, CD -Tools to integrate without manual intervention
CI, CD -Tools to integrate without manual intervention
 
ChistaDATA Real-Time DATA Analytics Infrastructure
ChistaDATA Real-Time DATA Analytics InfrastructureChistaDATA Real-Time DATA Analytics Infrastructure
ChistaDATA Real-Time DATA Analytics Infrastructure
 

A simple introduction to candlestick charts in sas

  • 1. Murphy Choy A simple introduction to Candlestick charts in SAS
  • 2. Background  One of the key tools that is widely used in stock trading, commodities trading and even currency trading  Tool of choice for many famous investors who have made their millions
  • 3. History  Adopted from the world of rice trading  Homma Munehisa in the mid-1700
  • 4. Key Advantages  Easy to understand  Key information can be extracted for any period of time
  • 6. Candlestick bar – the anatomy
  • 7. Candlestick bar – the anatomy  Large number of possible combinations of the information  Some have importance in that they are signals for subsequent behaviors
  • 8. Key Pointers  The hammer or hanging man is a simple name that suggests a particular type of candlestick bar which has the following characteristics. • The (thick) real body is at the upper end of the recent price range— whether it is solid or hollow is unimportant. • A long, lower shadow (thin line) should be twice the height of the real body. • It should have no upper shadow or a very short one.