The BTCBigDrop strategy is a trading strategy that focuses on identifying buying and selling opportunities in the cryptocurrency market. Here is a brief description of what the strategy does:
In the populate_indicators method:
It adds various technical analysis (TA) indicators to the given DataFrame, such as MFI (Money Flow Index), SMA (Simple Moving Average), MACD (Moving Average Convergence Divergence), Stochastic Fast, RSI (Relative Strength Index), Fisher RSI, Bollinger Bands, EMA (Exponential Moving Average), and SAR (Stop and Reverse). These indicators help in analyzing the price and volume data to identify potential market trends and reversals.
In the populate_entry_trend method:
It checks for specific conditions to determine the entry points for buying.
The conditions include criteria related to MFI, Fisher RSI, Bollinger Bands, and a drop in price compared to previous candles.
If the conditions are met, the strategy marks the corresponding row in the DataFrame as a potential buying point. In the populate_exit_trend method:
It determines the sell signal based on TA indicators. In this particular strategy, the sell signal is not based on any specific indicator, but rather all rows are marked as potential sell points unless the close price is less than 0. Overall, the BTCBigDrop strategy utilizes a combination of TA indicators to identify potential buying points based on certain conditions and marks the corresponding rows as potential entry and exit points for trading.