The Quickie strategy is a momentum-based trading strategy designed for quick trades with moderate stop loss. It aims to close trades quickly while avoiding excessive losses. The strategy uses various technical indicators to make buy and sell decisions.
Indicators used:
MACD (Moving Average Convergence Divergence)
macd: MACD line
macdsignal: Signal line
macdhist: MACD histogram
TEMA (Triple Exponential Moving Average)
tema: TEMA line
SMA (Simple Moving Average)
sma_200: 200-period SMA
sma_50: 50-period SMA
ADX (Average Directional Index)
adx: ADX value
Bollinger Bands
bb_lowerband: Lower Bollinger Band
bb_middleband: Middle Bollinger Band
bb_upperband: Upper Bollinger Band
Buy Conditions:
The strategy generates a buy signal when the following conditions are met:
ADX value is greater than 30
TEMA is below the middle Bollinger Band
TEMA is increasing (greater than its previous value)
SMA 200 is above the closing price
Sell Conditions:
The strategy generates a sell signal when the following conditions are met:
ADX value is greater than 70
TEMA is above the middle Bollinger Band
TEMA is decreasing (less than its previous value)
The strategy defines a minimal ROI (Return on Investment) and stop-loss values, which can be overridden in the configuration file.
The ticker interval for the strategy is set to 5 minutes.
Please note that this description provides a brief overview of the strategy and its key components. The actual implementation may involve additional details and considerations.