1
$\begingroup$

To my untrained eye a pattern appears in this candle chart, where down-days (dark purple) tend to occur consecutively. I have a very basic understanding of statistics and R software, but it's been a while and I'd like to find the right search terms to get started with identifying / analyzing / confirming this pattern over longer series. Can you see a statistical phenomenon here or could you point me in the right direction, method or keyword?

chart

$\endgroup$
0
$\begingroup$

"down-days (dark purple) tend to occur consecutively" can this be paraphrased as "after a dark purple it is more likely that a dark purple will follow than a white? Then just count after every dark purple whether a dark purple or a white follows. You can check, whether your counts are compatible with a 50%-chance using R's funktion binom.test(). If not, please specify your understanding of "occurs consecutively".

$\endgroup$

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Not the answer you're looking for? Browse other questions tagged or ask your own question.