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The BBRSIv2 strategy is a trading strategy that combines Bollinger Bands (BB) and Relative Strength Index (RSI) indicators to generate buy and sell signals. Here is a brief description of how the strategy works:
Buy Signals:
RB1: When the RSI crosses above 35 and the closing price is below the lower Bollinger Band. RB2: When the RSI is below 23, the Triple Exponential Moving Average (TEMA) is below the lower Bollinger Band, the TEMA is rising (current value > previous value), and the volume is greater than 0.

Sell Signals: RS1: When the RSI is above 70.

RS2: When the highest price exceeds the rolling maximum of the closing price.

The strategy uses various parameters and calculations to determine the optimal stop-loss level for each trade based on the current profit. It sets a minimal return on investment (ROI) target and a stop-loss level to limit potential losses. Additionally, it plots several indicators such as Bollinger Bands, TEMA, RSI, and market-related information. Please note that this is a simplified explanation, and the actual implementation may involve more complex calculations and considerations.

Sell Signals: RS1: When the RSI is above 70.

RS2: When the highest price exceeds the rolling maximum of the closing price.

The strategy uses various parameters and calculations to determine the optimal stop-loss level for each trade based on the current profit. It sets a minimal return on investment (ROI) target and a stop-loss level to limit potential losses. Additionally, it plots several indicators such as Bollinger Bands, TEMA, RSI, and market-related information. Please note that this is a simplified explanation, and the actual implementation may involve more complex calculations and considerations.

startup_candle_count :144rsi:-0.002%

stoploss:-0.99timeframe:15mhash(sha256):8e78df2f8c80f64f46f0430fd11142013cba322ab46b8e10c8d015e57926a39cindicators:close_min high upper mid lower tema volume bb_middleband rsi close_max close pumped_by_percent bb_upperband bb_lowerband runmode dropped_by_percentSimilar Strategies:(based on used indicators)

Strategy: BBRSIv2, Similarity Score: 94.12%last change: 2023-08-01 17:56:58