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The "BbandRsi" strategy is a trading strategy that combines Bollinger Bands and the Relative Strength Index (RSI) to identify potential buy and sell signals in the market. Here's a breakdown of how the strategy works:
Indicators:
RSI (Relative Strength Index): Calculates the RSI indicator with a time period of 14. This indicator measures the speed and change of price movements.
Bollinger Bands: Calculates the Bollinger Bands indicator using the typical price and a window of 20 periods with 2 standard deviations.
Buy Signals: Buy when the RSI value is below 30 (indicating oversold conditions) and the closing price is below the lower Bollinger Band.
Sell Signals: Sell when the RSI value is above 70 (indicating overbought conditions). The strategy aims to take advantage of potential reversals in the market by identifying periods of extreme price conditions. It uses the RSI to determine oversold and overbought levels, and the Bollinger Bands to define the price range. Please note that the strategy's parameters, such as the minimal ROI (return on investment) and stop-loss, can be adjusted based on market conditions and individual preferences.
Bollinger Bands: Calculates the Bollinger Bands indicator using the typical price and a window of 20 periods with 2 standard deviations.
Buy Signals: Buy when the RSI value is below 30 (indicating oversold conditions) and the closing price is below the lower Bollinger Band.
Sell Signals: Sell when the RSI value is above 70 (indicating overbought conditions). The strategy aims to take advantage of potential reversals in the market by identifying periods of extreme price conditions. It uses the RSI to determine oversold and overbought levels, and the Bollinger Bands to define the price range. Please note that the strategy's parameters, such as the minimal ROI (return on investment) and stop-loss, can be adjusted based on market conditions and individual preferences.
startup_candle_count : 50 rsi: 0.533%
stoploss: -0.25 timeframe: 1h hash(sha256): 28c2957cbc017b25d239683854786c70aa323d1d2b21e7ebf7c234a681f65a70 indicators: avg_price high upper mid lower smma12 volume bb_middleband rsi close sar_4h bb_upperband bb_lowerband date low smma12_4h avg_price_last_day sar
Similar Strategies: (based on used indicators)
Strategy: BBandRsi, Similarity Score: 94.74%
last change: 2023-06-24 09:25:03