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The "ichi" strategy is a trading strategy that combines the Ichimoku Cloud indicator and SSL Channels indicator. Here is a brief description of what the strategy does:
The strategy uses the Ichimoku Cloud indicator to identify potential buy signals. It calculates various components of the Ichimoku Cloud, such as the conversion line, base line, leading span A, and leading span B.
It compares these components with the closing price and generates a signal when certain conditions are met.
Additionally, the strategy uses SSL Channels indicator to confirm the buy signals.
It calculates the SSL Channels based on the high, low, and close prices of the asset. The SSL Channels consist of an upper channel and a lower channel. The strategy checks if the price crosses above the SSL Channels, indicating a potential upward trend. The strategy also considers the trend direction by analyzing the recent highs and lows of the price. It checks if the current price forms higher highs and higher lows, indicating an upward trend. When all the conditions are satisfied, the strategy generates a buy signal. For selling, the strategy uses a combination of the SSL Channels and the Ichimoku Cloud indicators. It checks if the price crosses below the SSL Channels and if the Tenkan Sen (a component of Ichimoku Cloud) crosses below the Kijun Sen (another component of Ichimoku Cloud) or if the closing price crosses below the Kijun Sen. If these conditions are met, a sell signal is generated. The strategy has predefined parameters for minimal return on investment (ROI), stop loss, and trailing stop. It also has options to use sell signals only for generating profits and to ignore ROI if a buy signal is present. Note: This is a simplified explanation of the strategy based on the provided code. The actual behavior and effectiveness of the strategy may vary depending on the market conditions and other factors.
It compares these components with the closing price and generates a signal when certain conditions are met.
Additionally, the strategy uses SSL Channels indicator to confirm the buy signals.
It calculates the SSL Channels based on the high, low, and close prices of the asset. The SSL Channels consist of an upper channel and a lower channel. The strategy checks if the price crosses above the SSL Channels, indicating a potential upward trend. The strategy also considers the trend direction by analyzing the recent highs and lows of the price. It checks if the current price forms higher highs and higher lows, indicating an upward trend. When all the conditions are satisfied, the strategy generates a buy signal. For selling, the strategy uses a combination of the SSL Channels and the Ichimoku Cloud indicators. It checks if the price crosses below the SSL Channels and if the Tenkan Sen (a component of Ichimoku Cloud) crosses below the Kijun Sen (another component of Ichimoku Cloud) or if the closing price crosses below the Kijun Sen. If these conditions are met, a sell signal is generated. The strategy has predefined parameters for minimal return on investment (ROI), stop loss, and trailing stop. It also has options to use sell signals only for generating profits and to ignore ROI if a buy signal is present. Note: This is a simplified explanation of the strategy based on the provided code. The actual behavior and effectiveness of the strategy may vary depending on the market conditions and other factors.
stoploss: -0.01 timeframe: 1h hash(sha256): dc51fc3f9eb9b61d50b65a31d6af3a52c0334032e48bcb347d1afd3f518d220b indicators: upper close tenkan_sen smaHigh leading_senkou_span_a ATR sslDown max leading_senkou_span_b hlv smaLow go_long kijun_sen high sslUp up_trend min dn_trend lower low
No similar strategies found. (based on used indicators)
last change: 2023-11-02 23:43:21