The PRICEFOLLOWINGX strategy is a trading strategy that utilizes various technical indicators to generate buy and sell signals. Here is a breakdown of what the strategy does:
Populating Indicators:
Calculates the Average Directional Index (ADX) indicator. Calculates the Relative Strength Index (RSI) indicator.
Calculates the Fast RSI (FRSI) indicator based on the RSI values.
Calculates the Moving Average Convergence Divergence (MACD) indicator.
Calculates the Bollinger Bands indicator, including lower band, middle band, upper band, percent, and width. Calculates the Triple Exponential Moving Average (TEMA) indicator. Calculates Heikin-Ashi open, close, high, and low prices. Calculates the 7-day Exponential Moving Average (EMA) and EMA for the low and high prices. Populating Buy Trend:
Retrieves the last values of emalow, tema, and ha_close. Defines a set of conditions for generating buy signals based on the strategy's settings. If the conditions are met, marks the corresponding row in the dataframe as a buy signal. Populating Sell Trend:
Retrieves the last values of tema, emahigh, ha_open, and ha_close. Defines a set of conditions for generating sell signals based on the strategy's settings. If the conditions are met, marks the corresponding row in the dataframe as a sell signal. The strategy incorporates indicators such as RSI, MACD, Bollinger Bands, TEMA, and Heikin-Ashi to identify potential entry and exit points for trading. The buy and sell signals are determined based on the specified conditions and the values of the indicators. Please note that this is a simplified description, and there may be additional details and considerations within the strategy's implementation that are not explicitly mentioned here.