The "ElliotV8_original_ichiv3" strategy is a trading strategy implemented in Python for backtesting purposes. Here is a short description of what the strategy does:
Indicator Calculation:
Calculates exponential moving averages (EMA) for different time periods (base_nb_candles_buy and base_nb_candles_sell). Calculates the Hull Moving Average (HMA) with a window of 50.
Calculates the Simple Moving Average (SMA) with a time period of 9.
Calculates the Elliott Wave Oscillator (EWO) using custom calculations.
Calculates the Relative Strength Index (RSI) with time periods of 14, 4, and 20. Buy Trend Conditions:
Checks multiple conditions for a potential buy signal, including:
RSI fast below 35. Close price below a percentage offset of the buy EMA. EWO above a certain threshold. RSI below a specified value. Volume greater than 0. Close price below a percentage offset of the sell EMA. Sell Trend Conditions:
Checks multiple conditions for a potential sell signal, including:
Close price above the HMA. Close price above a percentage offset of the sell EMA. RSI above 50. Volume greater than 0. RSI fast greater than RSI slow. Alternatively, if the close price is below the HMA, it checks for a close price above a percentage offset of the sell EMA and RSI fast greater than RSI slow. The strategy uses these conditions to generate "buy" and "sell" signals, which can be used for backtesting and evaluating the effectiveness of the trading strategy.