The BB_RPB_TSL_RNG_TBS_GOLD strategy is a trading strategy that utilizes various technical indicators to generate buy signals. Here is a brief description of what the strategy does:
The strategy first populates the required indicators, including Bollinger Bands with different standard deviations, CCI (Commodity Channel Index), RMI (Relative Momentum Index), Stochastic RSI, moving averages (SMA and EMA), CTI (Cumulative Trading Index), Williams %R, volume mean, and EWO (Elliott Wave Oscillator). It then defines conditions for the buy trend based on the populated indicators.
The conditions include checking for price dips (determined by RMI, CCI, and Stochastic RSI), price breakouts (determined by Bollinger Bands width and delta), local uptrends (determined by EMA crossovers and differences), and EWO values.
If the conditions for any of the defined buy trends are met, a buy signal is generated.
Overall, the strategy combines multiple indicators to identify potential buying opportunities based on different market conditions.