The BBRSITV strategy is a trading strategy that combines Bollinger Bands (BB), Relative Strength Index (RSI), and True Value (TV) indicators. It aims to identify buying and selling opportunities in the market. In the populate_indicators method, the strategy calculates the RSI using the closing price.
It then calculates the exponential moving average (EMA) and standard deviation (STDDEV) of the RSI for different periods (from 5 to 80) if the strategy is running in hyperopt mode.
Otherwise, it uses predetermined periods based on the strategy's configuration.
The populate_buy_trend method determines the buy signals based on specific conditions. It checks if the RSI crosses below the lower Bollinger Band (basis - deviation * sigma), the EWO (Elliott Wave Oscillator) is above a certain threshold (ewo_high), and the volume is greater than zero. Similarly, the populate_sell_trend method identifies the sell signals. It checks if the RSI is above a certain threshold (rsi_high) or if it crosses above the upper Bollinger Band (basis + deviation * sigma_sell). Additionally, the volume should be greater than zero. The BBRSITV1 class inherits from the BBRSITV strategy, indicating a modification or variation of the original strategy. Overall, the strategy utilizes Bollinger Bands, RSI, and True Value indicators to generate buy and sell signals based on specific conditions, aiming to capture potential trading opportunities in the market.