-
How to Calculate Pivot Points in Python
Pivot point is a leading indicator used to assess directional movement of an asset and potential support and resistance level . How to calculate pivot points. then we calculate supports and resistance levels. How to trade using pivot points 1. Range trading strategy 2.Breakout strategy 3. How to Implement pivot point using python Explanation of above code Returns all calculated levels as a tuple. Output looks like:(Pivot, R1, R2, R3, S1, S2, S3)
-
What is algo trading ?
Algo Trading is a method of trading in the stock market where computer programs automatically place buy and sell orders based on pre-defined rules. These rules are created using mathematical models, technical indicators, or market conditions. Two major aspects of algo trading . 1. Clear Strategy 2. Automated trading How Does Algo Trading Work? Advantages of Algo Trading Risks of Algo Trading Note:- To effectively implement algorithmic trading strategies, a foundational understanding of Python programming is essential . What is Python? Python is a high-level, interpreted, and general-purpose programming language known for its simplicity and readability. Python is widely used in web development, data science, machine learning, automation, and more.…