The BigZ04_TSL1 strategy is a trading strategy that aims to generate buy signals based on various conditions. Here's a brief description of what the strategy does:
The populate_indicators function is responsible for populating the indicators used in the strategy. It merges informative 1-hour indicators with the main timeframe indicators.
The populate_buy_trend function determines the buy conditions for the strategy.
It checks for multiple conditions and appends them to a list called conditions.
Here are some of the important conditions:
Buy Condition 12: The close price is above the 200-day exponential moving average (ema_200), above the 1-hour ema_200, below 99.3% of the Bollinger Bands lower band (bb_lowerband), and meets additional criteria related to RSI, volume, and candlestick patterns. Buy Condition 11: The close price is above ema_200, and various conditions related to histogram (hist), Bollinger Bands (bb), RSI, candlestick patterns, and volume are satisfied. Buy Condition 0: The close price is above ema_200, RSI is below 30, and additional criteria related to open price, volume, and 1-hour RSI are met. Buy Condition 1: The close price is above ema_200 and 1-hour ema_200, below a certain percentage of bb_lowerband, and satisfies conditions related to 1-hour RSI, open price, volume, and Bollinger Bands. Buy Condition 2: The close price is above ema_200, below a certain percentage of bb_lowerband, and meets criteria related to volume and Bollinger Bands. Buy Condition 3: The close price is below bb_lowerband, meets conditions related to 1-hour ema_200, RSI, volume, and volume drop. Buy Condition 4: The 1-hour RSI is below a certain value, the close price is below bb_lowerband, and additional criteria related to volume and volume drop are satisfied. Buy Condition 5: The close price is above ema_200 and 1-hour ema_200, the MACD indicator satisfies certain conditions, and criteria related to bb_lowerband, volume, and volume drop are met. Buy Condition 6: The 1-hour RSI is below a certain value, and criteria related to ema_26, volume, and volume drop are satisfied. These conditions are used to determine when to generate a buy signal for the strategy.