The MACDRSI200 strategy is a trading strategy that uses the MACD (Moving Average Convergence Divergence) and RSI (Relative Strength Index) indicators to generate buy and sell signals. Here's a breakdown of what the strategy does:
Ticker Interval: The strategy is designed to work with 5-minute ticker intervals. Buy Parameters: The strategy has a buy parameter called buy-rsi-value set to 43.
This parameter is used in the buy signal condition.
Sell Parameters: The strategy has a sell parameter called sell-rsi-value set to 83.
This parameter is used in the sell signal condition. ROI Table: The strategy defines a table called minimal_roi that specifies the desired return on investment (ROI) for different time periods. The table provides ROI values at specific intervals (in minutes) from the start of the trade. Stoploss: The strategy sets a stop loss value of -0.04562, indicating a maximum acceptable loss before triggering a sell signal. Indicators Population: The populate_indicators function is used to calculate and populate various indicators on the input dataframe. It adds the following indicators:
ema200: Exponential Moving Average with a time period of 200. macd: MACD line values from the MACD indicator. macdsignal: Signal line values from the MACD indicator. macdhist: Histogram values from the MACD indicator. rsi: RSI values from the RSI indicator. sell-rsi: Additional RSI values used in the sell signal condition. Buy Signal Condition: The populate_buy_trend function identifies the buy signals based on the following conditions:
The RSI value (rolling minimum over 8 periods) is below 43. The closing price is above the 200-day Exponential Moving Average (ema200). The MACD line crosses above the MACD signal line. Sell Signal Condition: The populate_sell_trend function identifies the sell signals based on the following conditions:
The RSI value (rolling maximum over 8 periods) is above 83. The MACD line is positive. The MACD line crosses below the MACD signal line. Overall, the strategy aims to generate buy signals when certain conditions related to RSI, MACD, and EMA are met, and sell signals when different conditions are satisfied. The ROI table and stop loss provide guidelines for managing trades and determining exit points.