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The KeltnerRSI strategy is a backtesting strategy that combines the Keltner Channel and RSI (Relative Strength Index) indicators to generate buy and sell signals for trading. The strategy uses a daily timeframe and sets the stop loss at -0.254, which means it will sell if the price drops below that level. The minimal return on investment (ROI) is set to 100, preventing the strategy from giving a sell signal until the ROI reaches that level.
The main indicators used in this strategy are: Keltner Channel: It calculates the upper band, lower band, and middle band based on a 20-day window and an average true range of 1.
These bands help identify potential breakout or reversal points.
RSI: It calculates the Relative Strength Index over a 14-day period. RSI is a momentum oscillator that measures the speed and change of price movements. It helps identify overbought and oversold conditions. In the populate_indicators method, the strategy populates the dataframe with the Keltner Channel bands (upper, lower, and middle) and the RSI values. In the populate_buy_trend method, the strategy generates a buy signal when the price crosses above the upper band of the Keltner Channel and the RSI value is above a specified horizontal line (55 in this case). In the populate_sell_trend method, the strategy generates a sell signal when the price crosses below the middle band of the Keltner Channel. The strategy also includes a plot configuration to visualize the Keltner Channel bands and the RSI values on the chart. Please note that this is a simplified description of the strategy, and there may be additional details or considerations not covered here.
The main indicators used in this strategy are: Keltner Channel: It calculates the upper band, lower band, and middle band based on a 20-day window and an average true range of 1.
These bands help identify potential breakout or reversal points.
RSI: It calculates the Relative Strength Index over a 14-day period. RSI is a momentum oscillator that measures the speed and change of price movements. It helps identify overbought and oversold conditions. In the populate_indicators method, the strategy populates the dataframe with the Keltner Channel bands (upper, lower, and middle) and the RSI values. In the populate_buy_trend method, the strategy generates a buy signal when the price crosses above the upper band of the Keltner Channel and the RSI value is above a specified horizontal line (55 in this case). In the populate_sell_trend method, the strategy generates a sell signal when the price crosses below the middle band of the Keltner Channel. The strategy also includes a plot configuration to visualize the Keltner Channel bands and the RSI values on the chart. Please note that this is a simplified description of the strategy, and there may be additional details or considerations not covered here.
stoploss: -0.254 timeframe: 5m hash(sha256): f914f8ca5be24f8d0f66d7485f646e63ab74751e25f8f585caaca868d6618318 indicators: kc_middleband kc_lowerband close rsi hline kc_upperband
No similar strategies found. (based on used indicators)
last change: 2022-07-02 19:54:08