Is technical analysis hero or villain? What about automation?
Posted: Jun 13, 2024
- Many traders make impulsive decisions, but some use technical analysis and data to make informed decisions based on market sentiment - Technical analysis studies price changes based on market activity to predict price movements - Three pillars of technical analysis: price reflects everything, price movements follow trends, and history repeats itself - Automated technical analysis uses algorithms to analyze data and predict market movements efficiently, reducing emotional biases - Common automation tools include algorithmic indicator search platforms, machine learning models, and backtesting software.
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