In this article, we will be exploring the changes made to the stocks ta app using the git diff provided. The stocks ta app is a web application used for technical analysis of stocks. View the first article at https://medium.com/@dlcoder/streamlining-technical-analysis-with-openbb-and-streamlit-829dce01be5d
Introduction to the stocks ta app
The stocks ta app is a user-friendly web application that provides technical analysis of stocks using OpenBB SDK.
Changes to the stocks ta app include the addition of a new feature that allows users to view Donchian channels. Refactoring to make the code more streamlined and readable was also done. Updating to the latest version of OpenBB SDK was also done to ensure that the app is compatible latest version of streamlit.
In finance, a Donchian Channel is a technical indicator used to identify the current price trend, volatility, and potential price breakouts. It is a channel created by plotting the highest high and lowest low over a specified period of time. The channel is then used to identify potential buy or sell signals based on whether the price is trading above or below the channel. The Donchian Channel is named after its creator, Richard Donchian, who is considered to be one of the pioneers of modern trend following strategies in the financial markets.
