The RSIDropDNS strategy is a trading strategy that uses the RSI (Relative Strength Index) indicator and price action to identify potential buying opportunities. Here is a summary of how the strategy works:
The strategy populates indicators based on the provided data, such as the RSI, open, low, and close prices. It calculates the previous range of prices and sets an RSI limit of 11.0.
It identifies the closest bullish zone based on the previous range and RSI limit.
The strategy determines the distance parameters and thresholds based on the timeframe.
If the ongoing close price is within the range of the identified bullish zone and the RSI is within a specified range, it triggers a buy signal. Once the buy signal is triggered, the strategy executes a command to buy the specified pair using a shell script. The strategy emits an alarm and sends a desktop notification for the identified DNS (Drop and Stop) pattern. If the conditions for a buy signal are not met, the strategy resets the alarm state. The strategy returns the updated dataframe. The strategy also includes functions for populating buy and sell trends in the dataframe, but the specific conditions for these trends are not provided in the code snippet.
It identifies the closest bullish zone based on the previous range and RSI limit.
The strategy determines the distance parameters and thresholds based on the timeframe.
If the ongoing close price is within the range of the identified bullish zone and the RSI is within a specified range, it triggers a buy signal. Once the buy signal is triggered, the strategy executes a command to buy the specified pair using a shell script. The strategy emits an alarm and sends a desktop notification for the identified DNS (Drop and Stop) pattern. If the conditions for a buy signal are not met, the strategy resets the alarm state. The strategy returns the updated dataframe. The strategy also includes functions for populating buy and sell trends in the dataframe, but the specific conditions for these trends are not provided in the code snippet.
stoploss: -0.99 timeframe: 5m hash(sha256): 5cec1b76a932f9d989086eb60d9a48b1ab42c99f893c84f2189a5e76c443db99 indicators: min_low_to_end red_line green_line next_4_candles_rsi_change
No similar strategies found. (based on used indicators)
last change: 2024-04-27 22:36:03