The ClucMay72018 strategy is a trading strategy designed to generate buy and sell signals for a given cryptocurrency or financial asset. Here is a short description of what the strategy does:
It uses various technical indicators to make trading decisions, including RSI (Relative Strength Index), EMA (Exponential Moving Average), MACD (Moving Average Convergence Divergence), ADX (Average Directional Index), and Bollinger Bands. The strategy populates these indicators using historical price data and calculates additional derived indicators such as the EMA of the RSI.
The buy signal is generated when the following conditions are met:
The closing price is below the 100-day EMA.
The closing price is below 98.5% of the lower Bollinger Band.
The volume is lower than the 20-day volume moving average shifted by 1 day and multiplied by 20. The sell signal is generated when the closing price crosses above the middle Bollinger Band. The strategy aims to capture profitable trading opportunities by entering long positions when the price is potentially undervalued and exiting those positions when the price shows signs of upward movement.