The ElliotV531 strategy is a trading strategy that uses various indicators to generate buy and sell signals. Here is a short description of what the strategy does:
The populate_indicators method calculates and adds several indicators to the dataframe:
ADX (Average Directional Index)
PLUS_DM and PLUS_DI (Plus Directional Movement and Plus Directional Indicator)
MINUS_DM and MINUS_DI (Minus Directional Movement and Minus Directional Indicator)
Aroon indicators (aroonup, aroondown, aroonosc)
AO (Awesome Oscillator)
Keltner Channel indicators (kc_upperband, kc_lowerband, kc_middleband, kc_percent, kc_width)
UO (Ultimate Oscillator)
CCI (Commodity Channel Index)
RSI (Relative Strength Index)
Fisher RSI and its normalized version (fisher_rsi, fisher_rsi_norma)
Stochastic indicators (slowd, slowk)
Stochastic Fast indicators (fastd, fastk)
Stochastic RSI indicators (fastd_rsi, fastk_rsi)
MACD indicators (macd, macdsignal, macdhist)
MFI (Money Flow Index)
ROC (Rate of Change)
Bollinger Bands (bb_lowerband, bb_middleband, bb_upperband, bb_percent, bb_width)
SAR (Parabolic SAR)
TEMA (Triple Exponential Moving Average)
Hilbert Transform - SineWave indicators (htsine, htleadsine)
Candlestick pattern indicators (CDLHAMMER, CDLINVERTEDHAMMER, CDLDRAGONFLYDOJI, CDLPIERCING, CDLMORNINGSTAR, CDL3WHITESOLDIERS, CDLHANGINGMAN, CDLSHOOTINGSTAR, CDLGRAVESTONEDOJI, CDLDARKCLOUDCOVER, CDLEVENINGDOJISTAR, CDLEVENINGSTAR, CDL3LINESTRIKE, CDLSPINNINGTOP, CDLENGULFING, CDLHARAMI, CDL3OUTSIDE, CDL3INSIDE)
Heikin-Ashi candles (ha_open, ha_close, ha_high, ha_low)
The populate_buy_trend method determines the buy signals based on the following conditions:
The closing price is below a moving average (ma_buy) multiplied by a low offset. The EWO (Elliott Wave Oscillator) is above a specified high value.
The RSI (Relative Strength Index) is below a specified buy value.
The volume is greater than zero.
The populate_sell_trend method determines the sell signals based on the following condition:
The closing price is above a moving average (ma_sell) multiplied by a high offset. The volume is greater than zero. Overall, the strategy combines different technical indicators to identify potential buying and selling opportunities in the market.