The BB_RPB_TSL_RNG strategy is a trading strategy that involves the use of various indicators to make buy decisions in the backtesting process. Here is a brief description of what the strategy does:
The strategy uses Bollinger Bands with different standard deviations (2 and 3) to identify price volatility and potential trading opportunities. It calculates the lower, middle, and upper bands for each standard deviation.
It also analyzes the price movement of Bitcoin (BTC) in a 5-minute timeframe and compares it to certain thresholds.
It calculates the threshold based on the previous price data and determines whether BTC has experienced a significant drop within 5 minutes.
The strategy calculates additional indicators such as CCI (Commodity Channel Index), RMI (Relative Momentum Index), STOCHRSI (Stochastic RSI), SMA (Simple Moving Average), CTI (Cumulative Technical Index), EMA (Exponential Moving Average), Hull Moving Average, RSI (Relative Strength Index), EWO (Elliott Wave Oscillator), ADX (Average Directional Index), and Williams %R. Based on the values of these indicators and certain conditions, the strategy determines buy signals. It checks for conditions such as price dip, price breakout, local uptrend, EWO values, and COFI (Crossed Over FastK and FastD Indicators). Overall, the BB_RPB_TSL_RNG strategy combines multiple indicators and conditions to identify potential buying opportunities in the backtesting process.