The ClucMay72018 strategy is a trading strategy that aims to generate profits by identifying buying and selling opportunities based on various technical indicators. Here's a breakdown of what the strategy does:
Indicator Calculation:
RSI (Relative Strength Index): Calculates the RSI indicator with a time period of 5. EMA (Exponential Moving Average): Calculates the EMA of the RSI values with a time period of 5.
MACD (Moving Average Convergence Divergence): Calculates the MACD indicator.
ADX (Average Directional Index): Calculates the ADX indicator.
Bollinger Bands: Calculates the Bollinger Bands using the typical price with a window of 20 and 2 standard deviations. EMA100: Calculates the 100-period Exponential Moving Average. Buy Signal:
The strategy generates a buy signal when the following conditions are met:
The closing price is below the EMA100. The closing price is below 0.985 times the lower Bollinger Band. The volume is less than the 20-day rolling average volume shifted by 1 and multiplied by 20. Sell Signal:
The strategy generates a sell signal when the following condition is met:
The closing price is above the middle Bollinger Band. The strategy sets a minimal ROI (Return on Investment) of 0.01 and a stop-loss of -0.05. It operates on a 5-minute timeframe. The strategy utilizes technical indicators such as RSI, EMA, MACD, ADX, and Bollinger Bands to identify potential entry and exit points for trades.