Candlestick chart pattern recognition

Abstract

The technical analysis of stocks and trends has been used by traders for decades to predict a particular market movement. The candlestick chart pattern analysis is a widely-used technical analysis technique. With a large number of patterns, manually identifying patterns from a price chart has been found to be difficult; thus an automatic means is needed to aid investors. In this research the candlestick chart pattern recognition technique is discussed, which can effectively identify candlestick chart patterns and their evaluation.