The "RSIResampleV3" strategy is a trading strategy that uses the Relative Strength Index (RSI) indicator to determine entry and exit points for trades. Here is a breakdown of what the strategy does:
Indicator Calculation:
Bollinger Bands: Calculates the upper, middle, and lower bands based on the closing price with a window of 20 and standard deviation of 2. Simple Moving Average (SMA): Calculates a 5-period SMA of the closing price.
RSI: Calculates a 14-period RSI based on the closing price.
Maximum RSI (rsi_max): Calculates the maximum RSI value over a 12-hour period (12 * 6 periods).
SMA of Maximum RSI (rsi_max_sma): Calculates a 24-day SMA of the maximum RSI. Minimum RSI (rsi_min): Calculates the minimum RSI value over a 12-hour period (12 * 6 periods). SMA of Minimum RSI (rsi_min_sma): Calculates a 24-day SMA of the minimum RSI. Buy Condition: RSI Conditions: The strategy checks if the maximum RSI is below 85, the maximum RSI is below the SMA of maximum RSI, and the current RSI is below a specified trigger value (rsi_trigger). RSI Minimum SMA: The current RSI should be below the SMA of the minimum RSI minus 5. Price Condition: The closing price should be below the 5-period SMA. Volume Condition: The volume should be greater than 0. Sell Condition: RSI Conditions: The strategy checks if the current RSI or the previous RSI (shifted by 1) is above 65 and if it is greater than or equal to the SMA of maximum RSI. Volume Condition: The current volume should be lower than the previous volume, indicating the end of a volume spike. Volume Condition: The volume should be greater than 0. Exit Strategies: Stop Loss: The strategy sets a fixed stop loss value of -1 (disabling the stop loss feature). Trailing Stop: The strategy does not use a trailing stop. Plotting: The strategy defines the configuration for plotting various indicators and signals on the chart. Other Features: ROI Table: The strategy defines a minimal return on investment (ROI) table with a single entry of 1 (no profit target). Custom Stop Loss: The strategy implements a custom stop loss function, but the provided code does not contain any specific logic for it. Please note that the strategy implementation may require additional context or adjustments to fully understand its intended behavior and effectiveness.
RSI: Calculates a 14-period RSI based on the closing price.
Maximum RSI (rsi_max): Calculates the maximum RSI value over a 12-hour period (12 * 6 periods).
SMA of Maximum RSI (rsi_max_sma): Calculates a 24-day SMA of the maximum RSI. Minimum RSI (rsi_min): Calculates the minimum RSI value over a 12-hour period (12 * 6 periods). SMA of Minimum RSI (rsi_min_sma): Calculates a 24-day SMA of the minimum RSI. Buy Condition: RSI Conditions: The strategy checks if the maximum RSI is below 85, the maximum RSI is below the SMA of maximum RSI, and the current RSI is below a specified trigger value (rsi_trigger). RSI Minimum SMA: The current RSI should be below the SMA of the minimum RSI minus 5. Price Condition: The closing price should be below the 5-period SMA. Volume Condition: The volume should be greater than 0. Sell Condition: RSI Conditions: The strategy checks if the current RSI or the previous RSI (shifted by 1) is above 65 and if it is greater than or equal to the SMA of maximum RSI. Volume Condition: The current volume should be lower than the previous volume, indicating the end of a volume spike. Volume Condition: The volume should be greater than 0. Exit Strategies: Stop Loss: The strategy sets a fixed stop loss value of -1 (disabling the stop loss feature). Trailing Stop: The strategy does not use a trailing stop. Plotting: The strategy defines the configuration for plotting various indicators and signals on the chart. Other Features: ROI Table: The strategy defines a minimal return on investment (ROI) table with a single entry of 1 (no profit target). Custom Stop Loss: The strategy implements a custom stop loss function, but the provided code does not contain any specific logic for it. Please note that the strategy implementation may require additional context or adjustments to fully understand its intended behavior and effectiveness.
stoploss: -1 timeframe: 5m hash(sha256): 79121033f4ec05c69132aeaef8c734c4ce2383b688b3223f1522e07d387f2e13 indicators: rsi_max upper mid lower rsi_min_sma volume bb_middleband close sma_5 rsi bb_upperband bb_lowerband rsi_min rsi_max_sma
No similar strategies found. (based on used indicators)
last change: 2024-05-02 16:18:03