The ElliotV3 strategy is a trading strategy that uses various technical indicators to generate buy and sell signals. Here is a short description of what the strategy does:
The strategy first populates a set of indicators based on the input data, including ADX, PLUS_DM, PLUS_DI, MINUS_DM, MINUS_DI, AROON, Awesome Oscillator, Keltner Channel, Ultimate Oscillator, CCI, RSI, Fisher RSI, Stochastic Oscillator, Stochastic Fast, Stochastic RSI, MACD, MFI, ROC, Bollinger Bands, SAR, TEMA, Hilbert Transform - Sine Wave, Candlestick patterns, and Heikin-Ashi. Next, the strategy calculates moving averages (EMAs) for different time periods using the input data.
The strategy calculates the Elliott Wave Oscillator (EWO) based on the fast and slow EWO parameters.
The strategy calculates the RSI (Relative Strength Index) for a time period of 14.
The strategy populates the buy trend by setting conditions based on the close price, moving averages, EWO, and RSI. The conditions include checking if the close price is below the moving average multiplied by a low offset, EWO is above a high threshold, RSI is below a buy threshold, and volume is greater than zero. The strategy populates the sell trend by setting conditions based on the close price and moving averages. The condition checks if the close price is above the moving average multiplied by a high offset and volume is greater than zero. The strategy assigns a "buy" signal to the dataframe when the buy conditions are met and a "sell" signal when the sell conditions are met. Overall, the ElliotV3 strategy combines various indicators and conditions to generate buy and sell signals based on the market conditions and the configured parameters.