ModuleNotFoundError: No module named 'pkg_resources' when importing pandas_ta

Question

I am quite a newbie when it comes to Python. I am trying to run someone else's code that contains references to pandas_ta. When I run the code I get the following errors:

File "/data/stuart/Projects/Python/BackTesting/Test/Test1.py", line 6, in <module>
import pandas_ta as ta
File "/data/stuart/Projects/Python/Env/lib/python3.12/site-packages/pandas_ta/__init__.py", line 7, in <module>
    from pkg_resources import get_distribution, DistributionNotFound
ModuleNotFoundError: No module named 'pkg_resources'

I am running Python 3.10.12 on Ubuntu 22.04 using PyCharm IDE Community version.

As I am a newbie I am somewhat reluctant to try many of the 'answers' I have found on this site until I have an idea as to the likely cause, and best solution. I don't want to make matters worse. What I have tried is the following:

sudo apt-get install --reinstall python-pkg-resources

Unfortunately the problem persists. Unfortunately, I want to use pandas_ta in some other projects as I was unable to get TA-Lib installed correctly. Any guidance or assistance would be much appreciated.

Regards, StuartM

Answer 1

The error indicates that the pkg_resources module, part of the setuptools library, is not available in your Python environment. This module is used by pandas_ta for some of its operations.

Fixing the Issue

To resolve this, ensure that setuptools is installed in your Python environment. You can do this as follows:

1. Install setuptools: Run the following command in your terminal:

   pip install setuptools
   

2. Verify Installation: After installation, confirm that pkg_resources is available:

   python -c "import pkg_resources; print('pkg_resources is available')"
   

If the Issue Persists

If the error still occurs:

• Upgrade pip and setuptools:

  pip install --upgrade pip setuptools