The SMAOffsetProtectOptV0 strategy is a trading strategy implemented in a backtesting website. Here's a brief description of what it does:
The strategy calculates various indicators based on the input dataframe, such as exponential moving averages (EMAs), EWO (Elliott Wave Oscillator), and RSI (Relative Strength Index). In the populate_buy_trend function, the strategy defines conditions for entering a buy trade:
The close price is below a moving average (ma_buy) multiplied by a low offset value.
The EWO value is above a certain threshold (ewo_high).
The RSI value is below a specified threshold (rsi_buy).
The volume is greater than zero. Additionally, there is another set of conditions for entering a buy trade:
The close price is below a moving average (ma_buy) multiplied by a low offset value. The EWO value is below a certain threshold (ewo_low). The volume is greater than zero. If any of the defined conditions are met, the strategy sets the 'buy' signal to 1 for the corresponding data points. The populate_sell_trend function defines conditions for entering a sell trade:
The close price is above a moving average (ma_sell) multiplied by a high offset value. The volume is greater than zero. If the sell conditions are met, the strategy sets the 'sell' signal to 1 for the corresponding data points. Overall, the SMAOffsetProtectOptV0 strategy combines multiple indicators and conditions to generate buy and sell signals based on price movements, moving averages, EWO, RSI, and volume.