Does anyone have experience/recommendations regarding automating technical analysis? I've been interested in it for a while as a way to save time looking at tons of charts and to more easily look at large sections of the market.
I've written a python script that scans the S&P500 stocks and uses RSI, Bollinger bands, and ADX to I identify possible entry points. My hope is to build a system that'll flag like 10-20 opportunities a week that I can then manually review and decide to buy or not.
My goal is relatively short term trading, without going into single day trading. So holding for a couple days to a couple weeks.
Thoughts? Has anyone done this and has recommendations? Is anyone more experience with technical analysis and willing to give some pointers for indicators that can be relatively easily put into code?
Or even a good book recommendation to better understand technical analysis would be great. I think the script I have now is nice. But I'm sure the algorithm for finding potential entry points could use a lot of tweaking
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