Candle charts for financial technical analysis

Mehmet F. Dicle ()
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Mehmet F. Dicle: Loyola University New Orleans

Stata Journal, 2019, vol. 19, issue 1, 200-209

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.

Keywords: candlechart; technical analysis; candle chart; volume; moving- average convergence divergence; relative strength index; Bollinger bands (search for similar items in EconPapers)
Date: 2019
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DOI: 10.1177/1536867X19830918

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