Group statistics

Group Statistics calculates, as the name implies, statistics for the whole group of symbols. It allows one to look at a particular group of symbols from a broader perspective.

Group Statistics is composed of six tabs:

  • Patterns Occurrences
  • Patterns Efficiency (Chart)
  • Patterns Efficiency (Details)
  • Basic Candles Occurrences
  • Symbols
  • Report
Patterns Occurrences

In this tab you can see how many patterns' occurrences were detected by the application for all symbols within a given group. On the left, there is a pie chart where every piece is reserved for a different pattern. When you click directly on the chart, an appropriate row from the list on the right will be selected. When any item from that list is clicked, then the appropriate pie chart piece will be enlarged.

Please note that the occurrences can be filtered in many ways. For example, you may be interested to see only statistics for bullish patterns. To do so click on the funnel symbol in the Forecast column and set a required value.

Patterns Efficiency (Chart)

This tab presents efficiency of all patterns that were found within a group of symbols. For example, if the given symbols group has 25 occurrences of Bullish Engulfing pattern, all of them are grouped, and efficiency statistics is calculated for them.

Efficiency can be seen using number or percentage values. To switch between these two options use the Unit drop-down list. It may be very important especially when overall occurrences number for a given pattern is fairly low.

Additionally you may compare statistics measured for two different period length, that is 5 or 10 candles. To switch between these two options use the Testing period drop-down list.

Please note that the efficiency statistics can be filtered in many ways. For example, you may be interested to see only statistics for bullish patterns. To do so click on the funnel symbol in the Forecast column and set a required value.

Patterns Efficiency (Details)

This tab presents how patterns efficiency is spread out among symbols and patterns. It may be useful for example when we want to see which patterns and for which symbols within the whole group are performing best. Alternatively using this tab we can eliminate the patterns and/or symbols which are not performing well.

Every pattern and symbol are grouped into 4 rows block, presenting its efficiency.

Basic Candles Occurrences

In this tab you can see how many particular basic candles were detected by the application among all symbols for a given group. The tab uses the same approach as the Patterns Occurrences tab.

Symbols

This tab lists all symbols within a group. It happens that not all symbols within a group contain an equal number of candlestick bars. Then it may be useful to see, for example, how many candles and within which period were scanned for each particular symbol.

Report

Report tab is summarizing statistics for a given group.

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