The DNSAlarmReporterETHRedLines strategy is designed to identify specific patterns in trading data and generate alarm notifications based on certain conditions. Here's a breakdown of what the strategy does:
The strategy starts by populating various indicators based on the provided trading data, including different timeframes (30 minutes, 1 hour, 2 hours, 4 hours, 1 day, and 1 week). It calculates several indicators related to engulfing patterns, such as bull_engulf_green_line, bear_engulf_green_line, bull_engulf_red_line, and bear_engulf_red_line.
The strategy retrieves the latest ticker information and performs calculations to determine the closest demand and offer red lines based on the ongoing close price.
It checks if the calculated distance percentages fall within certain thresholds and determines whether to generate a buy or sell alarm.
The strategy generates desktop notifications with relevant information, including the trading pair, timeframe, and distances to the closest demand and offer red lines. Finally, the strategy retrieves the ongoing open, high, low, and close prices and returns them as a series. Please note that this description provides a general understanding of the strategy's functionality, but the specific implementation details and logic may require further analysis and interpretation.