![]() ![]() I also need to send messages when a trading signal is generated - so I will use the Refinitiv Messenger BOT API to post a message to an Eikon Messenger Chatroom. I will also use symbology conversion functions to convert from ISINs to RIC (Reuters Instrument Codes) for requesting the various data - as the above API generally requires RIC codes for most of the data functions. ![]() I have access to the Refinitiv Eikon desktop application so I will be using its Data API to access the data I require - however, it should be relatively straightforward to use your own source of equivalent data and associated API- as a substitute for the Eikon stuff. ![]() every minute, hour, day (I did look at using realtime tick data as well but it was pointed out that this does not make much sense from a technical analysis perspective - as the ticks do not occur at regular interval).įurthermore, when a trading signal is generated I will use a chat BOT to post the signal details into a chat room notifying the users - saving the effort of frequently interrogating the charts. However, I want to take this a step further by continuing to run the analysis on an ongoing basis at a configured interval - e.g. There are several articles on the internet that attempt the same thing - often focusing on a single indicator - and most of these run the analysis on historical data, present the historical results, and stop there. In this workflow, I am going to experiment with how I can use these indicators to generate Buy or Sell trading signals. So, it would be great if instead of constantly having to interrogate the charts, they could just receive a message when a Buy or Sell condition arises. Investors and traders who use Technical Analysis as part of their trading strategy may refer to TA charts regularly to help determine their investment choices. It further states ‘technical analysts focus on patterns of price movements, trading signals … to evaluate a security’s strength or weakness’.Īccording to the various articles etc that I read, three of the more commonly used TA indicators are In this article, I will look at how I can use technical analysis indicators to send buy-or-sell trading signals to a chatroom on an ongoing basis - removing the need to keep eyeballing Technical Analysis charts constantly.Īccording to Investopedia ‘Technical Analysis is a trading discipline employed to evaluate investments and identify trading opportunities by analyzing statistical trends gathered from trading activity, such as price movement and volume’. ![]()
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