The BB_RPB_TSL_RNG_2 strategy is a trading strategy that utilizes multiple indicators to generate buy signals. Here is a short description of what the strategy does:
The strategy starts by populating various indicators, including Bollinger Bands with different standard deviations, BTC price data, CCI (Commodity Channel Index), RMI (Relative Momentum Index), STOCHRSI (Stochastic RSI), moving averages (SMA and EMA), CTI (Channel Trend Indicator), EWO (Elliott Wave Oscillator), ADX (Average Directional Index), Williams %R, and volume mean. In the buy trend population, several conditions are checked to determine buy signals.
These conditions include checking for a dip based on RMI and CCI values, a break based on Bollinger Bands' width and delta, a local uptrend based on exponential moving averages (EMA), EWO values, and RSI values, as well as COFI (Confirmation Indicator) conditions based on EMA and STOCHF (Stochastic Fast) values.
If the conditions are met, a buy tag is assigned to the corresponding data point.
Overall, the strategy combines various technical indicators to identify potential buying opportunities based on different market conditions and indicator thresholds.