Mastering SUPPORT & RESISTANCES using Python!

Рет қаралды 21,018

Жыл бұрын

In this video I am going over finding Support & Resistances lines using a fractal logic with Python. For construction a Trading Strategy leveraging Support & Resistance lines hit the like button and let me know below!
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Please be so kind supporting the channel by hitting like, subscribe and leaving a comment. Push the video to continue this series. Thanks a lot!
Check out finding Support and Resistance lines using a Fibonacci system here: • FIBONACCI Trading Stra...
Mentioned article:
towardsdatascience.com/detect...
Disclaimer:
This video is not an investment advice and is for educational, informational or entertainment purposes only!
#python #trading #support&resistance

Пікірлер: 68

@advganesh8002 Жыл бұрын

great video, you are truly utilizing the power of python, and coding efficiently with minimum lines, i am learning a lot from your videos

@Algovibes Жыл бұрын

Happy to read! Thanks a lot for watching man

@jerrywang3225 Жыл бұрын

i have seen lots of support and resistance python codes before, but yours are the simplest and easiest to deploy. Very smart.

@Algovibes Жыл бұрын

Happy to read Jerry. Thanks a lot for watching :-)

@Zenoandturtle 9 ай бұрын

I was after this particular algorythm for several months. Great work!

@Algovibes 9 ай бұрын

Cool, happy to read! Thanks a lot for watching :-)

@philipfiguerres6132 Жыл бұрын

Amazing as always professor. Looking forward to your next video.

@Algovibes Жыл бұрын

Thanks buddy! :-)

@diphuaji9690 9 ай бұрын

You are a god sent! Thank you for this elegant solution.

@Algovibes 9 ай бұрын

Very welcome :-) Thx for watching

@anilmm2005 Жыл бұрын

Great and quick one. Looking forward to follow up videos in back testing

@Algovibes Жыл бұрын

Many thanks Anil!

@raffaelegirodoangelin6649 11 ай бұрын

Very smart, fantastic video ! Thanks

@Algovibes 11 ай бұрын

Thanks buddy! Appreciate your comment :-)

@Kr3m3rsVids Жыл бұрын

Always wanted to know if and how these support and resistance levels can be used in algorithmic trading.

@Algovibes Жыл бұрын

Thanks for your feedback :-)

@NexGenSlayer 11 ай бұрын

Awesome video. I had created a similar function but wasn’t able to figure out to completely vectorize it like you did without utilizing some loops. Excellent optimization

@Algovibes 11 ай бұрын

Thanks a lot for watching buddy!

@ruilacerda7469 Жыл бұрын

really keep it simple. good vid!

@Algovibes Жыл бұрын

Thanks a lot Rui! Appreciate your comment

@jonh.1215 Жыл бұрын

Hey man good work. Waiting for the next video

@Algovibes Жыл бұрын

Awesome, thanks a ton for your comment Jon!

@theWSt Жыл бұрын

Nice, looking forward to the next video when you use this for a strategy 🙂

@Algovibes Жыл бұрын

Thanks Wolfgang!

@cjforrest1980 Жыл бұрын

Very clear and efficient video, nice work! I would be interested in how you add price action touch/bounce/cross weighting to identifying or filtering a level. Is that something you have planned?

@Algovibes Жыл бұрын

Thanks Chris, appreciate your comment. Will see what I can do!

@jul8803 Жыл бұрын

Nice video, you can actually refine the support and resistance by creating a hierarchy in terms of the size of the rolling window. For instance a resistance dominating all four candles to its right and to its left should have a higher weight than a resistance only above its closest neighbors. Same for S/R detected on higher timeframes of course.

@Algovibes Жыл бұрын

Thanks mate! Very interesting thoughts, thanks for sharing them.

@jyothivasantavada5319 2 ай бұрын

after browsing many, i found this is more effective

@Algovibes 2 ай бұрын

happy to read, thx for your feedback :-)

@abimbolaobadare6691 23 күн бұрын

Thank God I subscribed to your channel, I have been doing some serious refactoring. God Bless

@Algovibes 22 күн бұрын

thx buddy, happy to read!

@user-fw7ue3cs1z Жыл бұрын

Awesome! you always seem to make it so easy looking... Would love to see a video like this doing a 'market structure' code like this indicator in tradingview 'Market Structure - By Leviathan'

@Algovibes Жыл бұрын

Thanks Anon! Also thx a lot for the suggestion.

@charleskorn8644 Жыл бұрын

Thnx for another good video 👍

@Algovibes Жыл бұрын

Thanks for watching mate!

@drizzle4728 Жыл бұрын

Thank you. I can't find the backtesting strategy in your channel. Is this available in your course ?

@Algovibes Жыл бұрын

Welcome man!

@elielson_and Жыл бұрын

thankk u so much bro!!

@Algovibes Жыл бұрын

Very welcome :-) Thanks a lot for watching!

@mohammadalkhalailah7395 Жыл бұрын

Thanks Bro 👏

@Algovibes Жыл бұрын

Welcome mate. Thanks a lot for watching and leaving a comment!

@NexGenSlayer 9 ай бұрын

How would you suggest avoiding look ahead bias when implementing a backtest using these support/resistance levels as a signal? I can imagine doing a basic For Loop and recalculating signals on each iteration, but this would be computationally intensive and negate the vectorized approach you took in the first place to calculate the lines.

@NexGenSlayer 9 ай бұрын

This could be a good tutorial if you have insight on this

@raphaelmok712 5 ай бұрын

@4:50 - 7:20 - explains how the code for finding the swing lows and highs

@Algovibes 4 ай бұрын

:-) Thanks for watching mate

@popovichrush Жыл бұрын

Hello my friend,first of all,am very proud of you with this knowledge you have.... please I want to know when you learnt coding...I guess for money right...so why is it that most of you guys who have the knowledge of coding always don't want to code for ppl who had also studied the market and come up with a strategy and are willing to pay for you to code for them.....but you guys always want us to take a course and learn how to code like you....for me I don't want to be jack of all trade....pls do help guys like us ok

@x-raf7652 Жыл бұрын

I've been around trading for many years, and have seen questions like this one many times. I speak on my own behalf here only - but simply put, to help out someone not willing to put the effort in to learn themselves tends to indicate a lack of knowledge in/of the subject. Hence writing code for them is like handing a loaded gun to a child to play with. Learn to code - it will open your eyes (and best of all close your wallet) to your latest trading system disaster-in-waiting. It can also occasionally show you a possible successful candidate, which makes the hard work worthwhile. The above may seem harsh, but is well intended.

@swastika4860 Жыл бұрын

Luv u guru ji

@Algovibes Жыл бұрын

:-)

@bitterbob30 Жыл бұрын

Not sure why, but when I simply changed the ticker from ^GSPC to TSLA, no support or resistance lines show up in the graphs. The candles are still there and look correct.

@diphuaji9690 9 ай бұрын

Thanks

@Algovibes 9 ай бұрын

Thanks for using the Super Thanks feature my man. Appreciate it!

@rsrare Ай бұрын

8:19 your simplified version of filtering by specifying difference of 100 is good for this specific price chart. To make it fit any chart i need to use author's approach, or you have something similar?

@Van-yc6mr Жыл бұрын

I love it. I would like to see this algorithm like a strategy what can be backtested on cryptocurrency. And after all we can use it to produce a list of coins with bull or bear trend. Thank you for your work

@Algovibes Жыл бұрын

Thanks for your support Van! Much appreciated :-)

@anm_yoga Жыл бұрын

HI teacher, can you teach us how to turn the jupyter notebooks in black team? Thank you

@Algovibes Жыл бұрын

I have a video called something like 5 best Jupyter features, there I am showing it. Just use the search function. Let me know if you need help finding it!

@anm_yoga Жыл бұрын

@@Algovibes thank you !

@barrard 9 ай бұрын

Can you show how to back test this please, thanks!

@Algovibes 8 ай бұрын

Sure! Thx for the suggestion :-)

@ragnarocking 10 ай бұрын

that was easy 😄

@Algovibes 10 ай бұрын

If it was easy, I did a good job then :-) Thanks mate

@terahlunah Жыл бұрын

Wait this is not correct, you found if a middle candle is the lowest low of windows of 5, but you forgot to check that the low are decreasing before and increasing after the middle one, this is essential to the fractal pattern.

@Algovibes Жыл бұрын

Everything shown in this video ist 100% correct. Your definition of a fractal pattern is wrong. It is simply the lowest low among 5 candles with the shown centered logic. I am doing it exactly as the author which is also doing it correct just using a vectorized approach.

@terahlunah Жыл бұрын

@@Algovibes I just used the definition you showed in the video (and in the article) "A fractal is a candlestick pattern made by 5 candles. The third candle has the lowest low price, the previous candles have decreasing lows and the next candles have increasing lows." But please don't take it as an offensive comment, I love your content, and adding this increasing/decreasing rule is easy to do. I just wanted to make sure I understood everything :)

@digilan2005 11 ай бұрын

@@Algovibes @terahlunah is actually correct. In your video the definition from the article states that previous candles have DECREASING LOWS and the next candles have INCREASING LOWS. If you are using a fractal definition that is not from that article then perhaps you are right?!? This is easy to verify, your code will not yield the the same results as the code in the article.

@ruilacerda7469 Жыл бұрын

not saying anything new of course ... prob worth explore filter out the less hit levels and focus on just the key levels (higher market profile)