@ Rap Skallion: Be careful, I don't think his stats is reliable at all. In fact I guest he just made it up to defend his ego. Take a look at his given sample size, it just doesn't add up to what he claimed.
Let's say there are 260 trading days (52 weeks) in a year then in 20 year of 1 minute data, we got 1440*260*20= 7488000 data sample for 1 minutes chart in 20 years.... then divide that by 5 for 5 minutes chart data in 20 years, divide by 15 for 15 minute chart data in 20 years.......... You got the idea that the actual sample size is much more smaller than what he claimed. Even that the ratio of handing mans and inverted hammers candles compare to normal candle is so funny.....
QuoteDislikedThe sample size is 20 years sized historical data, and found 2 million hanging mans and inverted hammers in 50 million normal candles, so it made up 4% of the candlesticks in the past 20 years
Let's say there are 260 trading days (52 weeks) in a year then in 20 year of 1 minute data, we got 1440*260*20= 7488000 data sample for 1 minutes chart in 20 years.... then divide that by 5 for 5 minutes chart data in 20 years, divide by 15 for 15 minute chart data in 20 years.......... You got the idea that the actual sample size is much more smaller than what he claimed. Even that the ratio of handing mans and inverted hammers candles compare to normal candle is so funny.....