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The ADXMomentum strategy is a trading strategy that combines the use of the Average Directional Index (ADX) and momentum indicators to generate buy and sell signals. Here's a breakdown of what the strategy does:
The strategy is designed for a minimal Return on Investment (ROI) of 0.01, which can be adjusted based on market conditions. It uses a stop loss of -0.25, indicating the maximum acceptable loss before exiting a trade.
The timeframe for the strategy is set to 1 hour, meaning it analyzes price data over hourly intervals.
The strategy requires at least 20 candles (or periods) of data before producing valid signals.
Indicators Used: ADX (Average Directional Index): It calculates the strength of a trend. The buy signal is generated when the ADX value is greater than the specified buy_adx parameter, indicating a strong trend. The sell signal is generated when the ADX value is greater than the specified sell_adx parameter. Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI): They measure the upward and downward movement of price, respectively. The buy signal is generated when the +DI value is greater than the buy_plus_di parameter, and when the +DI is greater than the -DI. The sell signal is generated when the -DI value is greater than the sell_minus_di parameter, and when the +DI is less than the -DI. Momentum Indicator: It calculates the rate of change of price. The buy signal is generated when the momentum value is greater than the buy_mom parameter. The sell signal is generated when the momentum value is less than the sell_mom parameter. The strategy populates these indicators using the specified time periods and assigns a "buy" or "sell" value to the corresponding dataframe rows based on the conditions mentioned above.
The timeframe for the strategy is set to 1 hour, meaning it analyzes price data over hourly intervals.
The strategy requires at least 20 candles (or periods) of data before producing valid signals.
Indicators Used: ADX (Average Directional Index): It calculates the strength of a trend. The buy signal is generated when the ADX value is greater than the specified buy_adx parameter, indicating a strong trend. The sell signal is generated when the ADX value is greater than the specified sell_adx parameter. Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI): They measure the upward and downward movement of price, respectively. The buy signal is generated when the +DI value is greater than the buy_plus_di parameter, and when the +DI is greater than the -DI. The sell signal is generated when the -DI value is greater than the sell_minus_di parameter, and when the +DI is less than the -DI. Momentum Indicator: It calculates the rate of change of price. The buy signal is generated when the momentum value is greater than the buy_mom parameter. The sell signal is generated when the momentum value is less than the sell_mom parameter. The strategy populates these indicators using the specified time periods and assigns a "buy" or "sell" value to the corresponding dataframe rows based on the conditions mentioned above.
startup_candle_count : 20 Recursive Analysis found no issues while using 20 startup_candle_count
stoploss: -0.25 timeframe: 1h hash(sha256): a7dcfb3eb25488fc342571877a432407d693d6ee0f7f5f309e2a7dca88309b05 indicators: adx minus_di mom plus_di sar
No similar strategies found. (based on used indicators)
last change: 2024-04-02 03:16:59