The BB_RPB_TSL_RNG_TBS strategy is a trading strategy that utilizes various technical indicators to identify potential buying opportunities in the market. Here is a breakdown of its main components:
Indicators Calculation:
Bollinger Bands (bb_lowerband2, bb_middleband2, bb_upperband2): Calculated using the typical price of the asset with a window of 20 and standard deviations of 2. Bollinger Bands (bb_lowerband3, bb_middleband3, bb_upperband3): Similar to the previous one but with standard deviations of 3.
BTC Threshold and Difference (btc_threshold, btc_diff): Uses historical BTC price data to calculate a threshold value and the difference between the threshold and the previous close price.
Additional Indicators:
btc_5m, btc_1d: Historical BTC price data from different timeframes.
bb_width: The width of the Bollinger Bands. bb_delta: The percentage difference between the lower bands of two Bollinger Bands. bb_bottom_cross: Signals if the close price crosses below the lower Bollinger Band. cci_length_X: Commodity Channel Index (CCI) calculated for different lengths. cci: CCI calculated with a length of 26. cci_long: CCI calculated with a length of 170. rmi_length_X: Relative Momentum Index (RMI) calculated for different lengths. srsi_fk, srsi_fd: Fast %K and %D values of the Stochastic RSI indicator. closedelta: Absolute difference between the current close price and the previous close price. sma_15, sma_30: Simple Moving Averages with periods of 15 and 30, respectively. cti: Cumulative Total Indicator (CTI) based on the close price with a length of 20. ema_X: Exponential Moving Averages with different time periods. hma_50: Hull Moving Average with a window of 50. rsi, rsi_fast, rsi_slow: Relative Strength Index (RSI) calculated with different time periods. EWO: Elder's Force Index using EMA with periods of 50 and 200. fastd, fastk: Fast %D and %K values of the Stochastic Fast indicator. adx: Average Directional Index (ADX). r_14: Williams %R indicator with a period of 14. volume_mean_4: 4-period rolling mean of the trading volume. ma_sell_X: Exponential Moving Average used for selling decisions with different time periods. Buying Conditions:
The strategy defines several conditions for identifying potential buying opportunities based on the calculated indicators. Some of these conditions include:
Dips in RMI, CCI, and Stochastic RSI. Breakouts from Bollinger Bands and a specific closedelta threshold. Local uptrends indicated by exponential moving averages. EWO (Elder's Force Index) values satisfying certain criteria. COFI (Cross of Fast %K and %D) pattern. Note: The provided code snippet represents a part of the strategy implementation, and the description is based on the identified indicators and conditions. The full strategy implementation may include additional components for selling decisions, risk management, and other parameters.