The Ichimoku_v27 strategy is a trading strategy that utilizes the Ichimoku Cloud indicator. Here is a brief description of what the strategy does:
It defines a minimal return on investment (ROI) of 100%. It sets a stop loss level at -1 (which may be equivalent to -0.35).
It operates on the 4-hour ticker interval.
It adds an informative pair (ETH/USDT) on the 1-day timeframe.
It populates indicators for both the main dataframe (4-hour timeframe) and the informative pair (1-day timeframe). It calculates various components of the Ichimoku Cloud indicator, such as the Tenkan Sen, Kijun Sen, Senkou Span A, Senkou Span B, and cloud colors (green and red). It determines buy signals based on the following conditions:
The close price crosses above Senkou Span A, and the close price is above both Senkou Span A and Senkou Span B. The close price crosses above Senkou Span B, and the close price is above both Senkou Span A and Senkou Span B. It determines sell signals based on the following conditions:
The Tenkan Sen crosses below the Kijun Sen, and the close price is below both Senkou Span A and Senkou Span B, and the cloud color is red. The Tenkan Sen on the 1-day timeframe crosses below the Kijun Sen on the 1-day timeframe. This strategy aims to capture trends and reversals based on the Ichimoku Cloud indicator and generate buy and sell signals accordingly.