The Ichimoku_v4 strategy is a trading strategy that utilizes the Ichimoku indicator to generate buy and sell signals. Here is a short description of what the strategy does:
The strategy calculates the Ichimoku indicator values, including the tenkan, kijun, senkou_a, senkou_b, cloud_green, and cloud_red. The populate_indicators function populates the dataframe with these calculated indicator values.
The populate_buy_trend function identifies potential buy signals based on specific conditions:
When the tenkan line crosses above the kijun line,
The close price is higher than the senkou_a (leading span A),
The close price is higher than the senkou_b (leading span B).
The populate_sell_trend function identifies potential sell signals based on specific conditions:
When the tenkan line crosses below the kijun line,
The cloud color is red (indicating a bearish trend).
The strategy defines a minimal return on investment (ROI) of 100 (indicating a desired profit target) and a stop loss value of -1 (meaning there is no specific stop loss set). The ticker_interval is set to '4h' (indicating that the strategy operates on 4-hour candles). Overall, the strategy aims to generate buy signals when certain Ichimoku conditions are met and sell signals when the trend turns bearish based on the indicator and price action.