Understanding Charts on Sigma-L: Essentials
Our time frequency analysis is a bespoke technique which utilises techniques from several scientific fields. In this article we explain some of the essential aspects of the charts for subscribers
Price Action
Time Series
Starting with the basics and using USDCAD as an example here, price action per unit time is displayed using ‘candlesticks’ of high, low, open and close price, on individual instruments. For the actual wavelet analysis only the close price is used…