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The RSIDivTirail strategy is a trading strategy that uses the RSI (Relative Strength Index) indicator to identify divergence patterns in the price movement of a financial instrument. Here is a breakdown of what the strategy does:
In the populate_indicators function:
The RSI period is set to 14. The RSI is calculated based on the closing prices of the instrument.
Lookback periods (lbR and lbL) are set to 10 and 5, respectively.
The maximum and minimum lookback range values are set to 60 and 5, respectively.
Bullish and bearish plot settings are defined. The RSI values are calculated and stored in the 'osc' column of the dataframe. Pivot points (min and max) are calculated based on the RSI values. The 'plFound' and 'phFound' columns are used to mark the presence of pivot points. Conditions for bullish and hidden bullish divergence are checked based on the RSI and price movement. Conditions for bearish and hidden bearish divergence are checked based on the RSI and price movement. In the populate_buy_trend function: Conditions for entering a buy trade are checked based on the presence of bullish and hidden bullish divergence patterns and positive volume. In the populate_sell_trend function: Conditions for entering a sell trade are checked based on the presence of bearish and hidden bearish divergence patterns and positive volume. The strategy uses the RSI indicator and divergence patterns to generate buy and sell signals. It considers both regular and hidden divergence and incorporates volume as a filter for trade entry.
Lookback periods (lbR and lbL) are set to 10 and 5, respectively.
The maximum and minimum lookback range values are set to 60 and 5, respectively.
Bullish and bearish plot settings are defined. The RSI values are calculated and stored in the 'osc' column of the dataframe. Pivot points (min and max) are calculated based on the RSI values. The 'plFound' and 'phFound' columns are used to mark the presence of pivot points. Conditions for bullish and hidden bullish divergence are checked based on the RSI and price movement. Conditions for bearish and hidden bearish divergence are checked based on the RSI and price movement. In the populate_buy_trend function: Conditions for entering a buy trade are checked based on the presence of bullish and hidden bullish divergence patterns and positive volume. In the populate_sell_trend function: Conditions for entering a sell trade are checked based on the presence of bearish and hidden bearish divergence patterns and positive volume. The strategy uses the RSI indicator and divergence patterns to generate buy and sell signals. It considers both regular and hidden divergence and incorporates volume as a filter for trade entry.
stoploss: -0.05 timeframe: 5m hash(sha256): 55f2545f2f7e66e0ebd3527bfc76e18f8f6dcc1fd054628c9c2758373bea92e6 indicators: rsi_buy hiddenBullCond use_bull EWO priceLH ewo_high oscLH oscHH close use_hidden_bull priceLL valuewhen_plFound_osc priceHL inrange_plFound_osc volume use_bear valuewhen_plFound_low plFound oscLL max inrange_phFound_high inrange_phFound_osc high valuewhen_phFound_high bearCond bullCond use_hidden_bear in_range oscHL valuewhen prevMin barrsince prevMax min hiddenBearCond colFromIndex phFound inrange_plFound_low low priceHH osc valuewhen_phFound_osc
Similar Strategies: (based on used indicators)
Strategy: RSIDivergence, Similarity Score: 97.67%
Strategy: RSIDivergence_238, Similarity Score: 88.37%
last change: 2024-03-01 09:30:03