The historical data of a financial instrument can be analyzed in the form of the Line Break candlestick pattern, a candlestick pattern that focuses on price movement. This differs from the Japanese candlestick pattern, which focuses on the time movement. Brokers typically do not provide historical data for the Line Break candlestick pattern via APIs. Brokers usually provide historical data using the Japanese candlestick pattern that needs to be converted into the Line Break candlestick pattern. A shorter candle interval hints at a localized price movement trend, while a larger candle interval indicates an overall price movement trend. Depending on your algorithmic trading strategy, you may need the candle interval to be small or large. A candle interval of 1 minute is often the smallest available candle interval.
The Line Break candlestick pattern works as follows:
- Each candle has only open and close attributes.
- The user...
