The BB_RPB_TSL_RNG strategy is a trading strategy that uses various indicators to generate buy signals. Here's a breakdown of what the strategy does:
Indicators: The strategy first populates several indicators on the input dataframe, including Bollinger Bands with different standard deviations (2 and 3), BTC price thresholds, Bollinger Band width and delta, Commodity Channel Index (CCI), Relative Momentum Index (RMI), Stochastic Relative Strength Index (StochRSI), closed price delta, Simple Moving Averages (SMA), Chande Trend Index (CTI), Exponential Moving Averages (EMA), Hull Moving Average (HMA), Relative Strength Index (RSI), Elliot Wave Oscillator (EWO), Average Directional Index (ADX), and Williams %R. Buy Trend Conditions: The strategy then defines several conditions for determining buy signals.
These conditions include:
Checking if the RMI length is below a certain threshold, CCI length is below another threshold, and StochRSI fastk is below a specified value, indicating a dip in the market.
Checking if the Bollinger Band delta and width are above specified values, and the closed price delta is above a threshold, suggesting a breakout.
Identifying a local uptrend based on EMA values and their differences, and the price being below a certain multiple of the lower Bollinger Band. Considering the EWO, RSI, and EMA values for generating buy signals. Additional Conditions: The strategy also includes conditions related to EWO, fastk, fastd, ADX, and EMA for determining buy signals. Buy Tag: The strategy adds a 'buy_tag' column to the dataframe to mark the occurrence of buy signals. Overall, the BB_RPB_TSL_RNG strategy utilizes multiple indicators and conditions to identify potential buying opportunities in the market.