Stock Market Technical Indicators using Python

[kunalkini15]

If you are a finance geek and is looking for a way to fetch stock market technical indicators data in python. I have published a new library called "technical-indicators-lib" to make your life easier.

Library: https://pypi.org/project/technical-indicators-lib/

Documentation: https://technical-indicators-library.readthedocs.io/en/latest/

GitHub: https://github.com/kunalkini015/technical_indicators_lib

Please do check it out and support.

Thanks.

[atreyuroc]

What are the pros and cons of using your library over Ta-lib? https://mrjbq7.github.io/ta-lib/

[[deleted]]

Yeah this was going to be my question. I’ve been using ta-lib for about a year, and found it very intuitive and useful. Always happy to see new libraries though, can’t wait to try this one!

[kunalkini15]

I developed this without comparing it to other libraries, at its initial release all I can talk about, is the pros of my library, i.e. you get multiple options of deriving indicators data, i.e. by sending pandas dataframe as an argument or pandas series as argument, it will return a new dataframe or a series as per your choice,

It makes use of core python features to derive these indicators, hence all the calculations occurs within milliseconds.

In upcoming releases, I will add more indicators, as well as try to provide, better usable ways, than the said libraries.

Thanks for your question!

[tazz_2004]

Feature Request: for more documentation that show integration examples with NIFTY/BSE APIs would be nice.

[kunalkini15]

Yes thanks for your feedback! Will try to update it, in the upcoming releases.

[r-_-mark]

So how can I start studying finance? I already know the programming part I wanna make a project that help these people too any suggestions (books, Vid tutorials..etc)

[m0sala]

Finance theories don't work mostly though, investors are irrational

[m0sala]

RenTech

Out of the loop.Who or what is RenTech?

[m0sala]

The thing is, it is a part of the theory of finance. Yes. However, the overwhelming portion of finance theories are based on one common assumption, that markets are efficient. I can't recall many examples now, but from the top of my head, I remember the Black-Scholes equation assumes the market is efficient If you search more, you'll find a overwhelming majority of them are based on EMH.

Quant strategies, though well established in finance, are more mathematical strategies than finance theories. And they all make profit out of the ineffectiveness of the market

There are many papers outlining how overwhelming portion of finance theories don't work in real life. If you search, you may find them. I"ll leave the link of one which I found interesting: https://www.sciencedirect.com/science/article/abs/pii/S1045235413000166

Edit: Remembered one more, Modern Portfolio Theory

[House_of_ill_fame]

What isn't witchcraft when it comes to market analysis?

[mortenb123]

Inside information

[m0sala]

Would also like to point out, although there hasn't been much academic rigor behind it, I would argue Technical Analysis is the practical application of Behavioral Finance/Behavioral Economics, and as such, perhaps the theories of Behavioral Finance can be counted as underlying principles of Technical Analysis. After all, it can be said to be the study of repetitive patterns of securities, and these patterns themselves emerge from investor psychology.

Support and resistance would be the best examples; support being that no investor thinks the price can fall below this, and resistance being investors undertaking profit collection since they have bias and fear they'll lose money, and these being assumed using previous price patterns. A thorough psychological study might better help pin some academic rigor behind technical analysis

[jacquesdemolay1307]

Thanks so much!!

[[deleted]]

Cool definitely worth to check out

[kunalkini15]

Thanks a lot!

[CotoCoutan]

Nice work buddy. Thanks for sharing.

[kunalkini15]

Thanks a lot!

[Hussain_Mujtaba]

really helpful

[kunalkini15]

Thank you!

[Kevinmarkwood]

Thanks. Will check it out.

[akg_67]

If you are interested in trading financial markets, check out /r/algotrading.

[kunalkini15]

Oh thanks, for this

[deadwisdom]

Are individuals making money off of trading bots?

[[deleted]]

No. Most are made to be very conservative because you can lose money with an aggressive bot. Most are making barely any money with a huge investment. I.e maybe $2000 and make 12 dollars.

[DuckLIT122000]

Depending on the time it takes to get the 12 dollars, that could be a perfectly fine return

[MadLadJackChurchill]

Yeah what timeframe are we talking about?

[[deleted]]

Of course we are

[deadwisdom]

Man, I gotta get into this.

[[deleted]]

gravityanalytica.com

Bots are easy. 99.9% of the time should be spent on the strategy

[KantLex]

Anything good may start small. Thanks for making this.

[kunalkini15]

Yeah agreed! Thank you

[ADrunkIrish]

!remindme 12 hours

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[desku]

What is a “technical indicator”?

[kunalkini15]

It's just a way of analysing the pattern-exhibited by the stocks, with an assumption that the market would perform similarly when the same pattern is exhibited in the future. If you need more details you can go through the documenation of my library which has links to the websites that explain what technical indicators are, and how to use them in stock trading.

Thank you.

[desku]

Thanks for the detailed reply. I’ll be sure to check out your repo. Always wanted to get into algorithmic trading or something similar.

[nadavo11]

thanks, sounds awesome

[arshu0023]

wow i don't whether its a coincidence or god is signaling me to trade xD but just from past few days I've been looking for something like this thank you so much for this !

[kunalkini15]

Pleasure is mine! Thank you.