Akansha YadavData Science & Coding (Python) | MySQL

Stock Market Charts with mplfinance Library python 2024 | TCS stock #mlwithakansha #stockmarket

27 Mar 2024 · 6 min

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5:34

In this tutorial, the presenter demonstrates how to create advanced financial visualizations for the Indian IT company TCS using the Python mplfinance library. After briefly introducing the need for mplfinance beyond Matplotlib and yfinance, they guide viewers through installing the library (pip install mpf) and loading pre‑retrieved stock data into a variable called stock_data. The video walks through generating a variety of chart types—standard candlestick, line, Renko, Point‑and‑Figure, OHLC, and volume‑overlay candlesticks—by calling mpf.plot with appropriate type arguments and parameters (e.g., different candle widths, combined price‑volume plots). The presenter emphasizes that this is the third part of a series, encouraging viewers to watch the earlier videos for background on yfinance and Matplotlib integration. The overall aim is to showcase mplfinance’s extensive capabilities for financial plotting in a concise, step‑by‑step manner.

Chapters

Ladies and gentlemen, so hello everyone, welcome back to my video. In today's video, we will see how we can plot more graphs related to the stock market using Python. There are few graphs which cannot be plotted using Matplotlib or, uh, the directly the yfinance library. So we have to use another library which is called mplfinance, which provides the extensive functionality for financial plotting. There are ways, various types of graph which you can plot. So for this, what you have to do is you have to install that library using the command pip install mpf. So I have already have the stock data which is of, which is in the variable stock_data, and the company that we are dealing over here is the TCS. So we are analyzing the TCS data. Now I'm going to plot few graphs which are named over here, that how we can plot the CAG line break, range bar, Renko point, and picture chart. So first I'm just plotting a normal graph which is mpf.plot Then I am considering as a type mpl.plot, and then the data is stock_data. Then I have to define the type, which type of the plot you want. At this time I am requesting for the candle, then the line plot, Renko plot, P&F plot, OHLC plot. Then we have the candle plot again with the different parameters, which is 3, 6, 9. Another one is the candle plot where I am using the volume as well, which is going to predict both the— which is going to show us both the things. One is the price and another the volume on the same graph. So that's how MPF library, which is MPL Finance library, works. MPF is the nickname which we have given to the MPL Finance library while importing that library into our file. I hope you like this video. This is the third— this is the third part. If you have not watched the one and two part of this, go watch it out. You can have the clear understanding of how yfinance, how matplotlib, and how MPL Finance Library works for stock market.