The ElliotV4 strategy is a trading strategy that uses various technical indicators to make buy and sell decisions. The strategy first populates a set of indicators on the given input dataframe, including ADX, Plus Directional Movement (+DM), Plus Directional Indicator (+DI), Minus Directional Movement (-DM), Minus Directional Indicator (-DI), Aroon Up, Aroon Down, Aroon Oscillator, Awesome Oscillator, Keltner Channels, Ultimate Oscillator, Commodity Channel Index (CCI), Relative Strength Index (RSI), Fisher Transform of RSI, Stochastic Oscillator, Stochastic Fast, Stochastic RSI, Moving Average Convergence Divergence (MACD), Money Flow Index (MFI), Rate of Change (ROC), Bollinger Bands, Parabolic SAR, Triple Exponential Moving Average (TEMA), Hilbert Transform - SineWave, Candlestick patterns (such as Hammer, Inverted Hammer, Dragonfly Doji, Piercing, Morning Star, Three White Soldiers, Hanging Man, Shooting Star, Gravestone Doji, Dark Cloud Cover, Evening Doji Star, Evening Star, Three-Line Strike, Spinning Top, Engulfing, Harami, Three Outside Up/Down, Three Inside Up/Down), and Heikin-Ashi candles. The strategy defines specific parameters for buying and selling.
For buying, it checks for conditions such as the close price being below a specific moving average (MA) multiplied by a low offset, the EWO (Elliott Wave Oscillator) being above a high threshold, the RSI (Relative Strength Index) being below a specific value, and volume being greater than zero.
It also checks for an alternative condition where the EWO is below a low threshold and volume is greater than zero.
If any of these conditions are met, a "buy" signal is generated. For selling, the strategy checks for the close price being above a specific MA multiplied by a high offset and volume being greater than zero. If this condition is met, a "sell" signal is generated. Overall, the ElliotV4 strategy aims to capture potential buying and selling opportunities based on the combination of multiple technical indicators and predefined conditions.