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The KeltnerRSI strategy is a backtesting strategy that operates on an 8-hour timeframe. It uses the Keltner Channel and RSI (Relative Strength Index) indicators to determine buy and sell signals. The Keltner Channel is a volatility-based indicator that consists of an upper band, lower band, and middle band.
The strategy calculates these bands using a window size of 20 and an average true range (ATR) of 1.
The upper and lower bands represent potential overbought and oversold levels, while the middle band serves as a reference point.
The RSI is a momentum oscillator that measures the speed and change of price movements. It is calculated with a time period of 14. The strategy considers the RSI value and a horizontal RSI line set at 55 for making buy decisions. The buy signal occurs when the close price crosses above the upper band of the Keltner Channel and the RSI value is above the horizontal RSI line. The sell signal occurs when the close price crosses below the middle band of the Keltner Channel. The strategy sets a stop loss at -0.10, meaning that if the trade's loss reaches this threshold, it will be closed. The minimal return on investment (ROI) is set to 100, which means that the strategy will not sell unless it achieves a profit of 100 or more. The strategy also includes plot configurations for visualizing the Keltner Channel and RSI indicators. Overall, the KeltnerRSI strategy aims to capture potential price reversals based on the Keltner Channel and RSI signals on an 8-hour timeframe.
The strategy calculates these bands using a window size of 20 and an average true range (ATR) of 1.
The upper and lower bands represent potential overbought and oversold levels, while the middle band serves as a reference point.
The RSI is a momentum oscillator that measures the speed and change of price movements. It is calculated with a time period of 14. The strategy considers the RSI value and a horizontal RSI line set at 55 for making buy decisions. The buy signal occurs when the close price crosses above the upper band of the Keltner Channel and the RSI value is above the horizontal RSI line. The sell signal occurs when the close price crosses below the middle band of the Keltner Channel. The strategy sets a stop loss at -0.10, meaning that if the trade's loss reaches this threshold, it will be closed. The minimal return on investment (ROI) is set to 100, which means that the strategy will not sell unless it achieves a profit of 100 or more. The strategy also includes plot configurations for visualizing the Keltner Channel and RSI indicators. Overall, the KeltnerRSI strategy aims to capture potential price reversals based on the Keltner Channel and RSI signals on an 8-hour timeframe.
stoploss: -0.1 timeframe: 5m hash(sha256): d5cdea8787db3db3b05bf05bd7a339a1a8b1b09c2b06559bb7630ef08201038f indicators: kc_middleband kc_lowerband close rsi hline kc_upperband
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last change: 2022-07-11 10:20:36