The BBMod strategy is a trading strategy that uses various indicators to generate buy signals. Here is a breakdown of the important parts of the strategy:
populate_indicators: This function is responsible for populating the indicators used in the strategy. It takes a DataFrame and metadata as input and returns the updated DataFrame with the indicators.
populate_buy_trend: This function is used to determine the buy signals based on specific conditions.
It adds a column called 'buy_tag' to the DataFrame to mark the buy signals.
The strategy uses multiple conditions to identify potential buying opportunities. Some of the important conditions include:
is_local_uptrend and is_local_uptrend2: These conditions check for an uptrend based on exponential moving averages (EMA) and the distance between them. It also considers the close price in relation to the lower Bollinger Band. is_local_dip: This condition identifies a local dip in the price based on EMA, RSI, and other factors. is_ewo: This condition involves the EWO (Elliott Wave Oscillator) and various moving averages to find potential buying opportunities. is_clucha: This condition uses different indicators such as rate of change (ROCR), Bollinger Bands, and price movement to detect buying signals. is_cofi: This condition is modified from the "cofi" strategy and involves indicators such as moving averages, fast stochastic, ADX, and EWO. is_nfi_32, is_nfi_33, is_nfix_5, is_nfix_39, is_nfix_49, is_nfi7_33, is_nfi7_37: These conditions are based on various combinations of indicators, including RSI, CTI (custom indicator), moving averages, and volume. Each condition represents a different pattern or set of criteria that the strategy uses to generate buy signals. By combining these conditions, the strategy aims to identify potentially profitable trading opportunities.