The BBRSITV strategy is a trading strategy that uses the Bollinger Bands, Relative Strength Index (RSI), and Exponential Moving Average (EMA) indicators to generate buy and sell signals. Here's a breakdown of what the strategy does:
The populate_indicators function is responsible for calculating the required indicators based on the given input dataframe. It calculates the RSI using a specified period (for_rsi).
If the strategy is running in hyperopt mode, it calculates the EMA and standard deviation (dev) for different moving average periods (for_ma).
Otherwise, it calculates the EMA and standard deviation using the fixed moving average periods defined in the strategy.
The populate_buy_trend function populates the buy signal based on specific conditions. It checks if the RSI is below the lower Bollinger Band (basis - dev * sigma), the EWO (Elliott Wave Oscillator) is above a certain threshold (ewo_high), and the volume is greater than zero. If all conditions are met, it sets the buy column to 1. The populate_sell_trend function populates the sell signal based on specific conditions. It checks if the RSI is above a certain threshold (rsi_high) or if the RSI is above the upper Bollinger Band (basis + dev * sigma). Additionally, it checks if the volume is greater than zero. If any of these conditions are met, it sets the sell column to 1. The BBRSITV1 class extends the BBRSITV class, indicating a variant or version of the strategy. Overall, the BBRSITV strategy combines the RSI indicator with Bollinger Bands and EMA to identify potential buy and sell signals in the market based on specified conditions.