The BB_RPB_TSL_RNG strategy is a trading strategy that uses various indicators and conditions to determine buying opportunities in the market. Here is a brief explanation of what the strategy does:
The strategy populates indicators such as Bollinger Bands, CCI (Commodity Channel Index), RMI (Relative Momentum Index), STOCHRSI (Stochastic RSI), EMA (Exponential Moving Average), SMA (Simple Moving Average), CTI (Crossover Technical Indicator), and more. It calculates different thresholds and differences based on historical price data of the BTC/BUSD pair.
It checks for conditions such as price dips, breakouts, local uptrends, EWO (Elliott Wave Oscillator) values, COFI (Crossed Over FastK and FastD Indicator), and more.
The strategy assigns a "buy_tag" to indicate potential buying opportunities based on the defined conditions.
Overall, the strategy aims to identify favorable market conditions for buying by considering multiple indicators and conditions.