The RSIDrop strategy is a trading strategy that aims to identify significant drops in the Relative Strength Index (RSI) indicator for a given cryptocurrency pair. The strategy uses a 5-minute timeframe and has a predefined minimal return on investment (ROI) of 10%. Here is a breakdown of the strategy:
The strategy calculates the RSI indicator with a time period of 14 for the input dataframe.
It checks if the RSI value has dropped below a predefined threshold of 30 in the last 12 candles.
If the RSI drop is detected and has not been previously emitted as an alarm for the pair, it triggers an alarm and prints a TradingView URL for the pair's chart with a 5-minute interval.
An alarm flag is set to avoid repetitive alarms for the same pair. The strategy populates the 'buy' signal for all candles in the dataframe. The strategy populates the 'sell' signal for all candles in the dataframe. The strategy is designed to generate a single buy signal and hold the position until the minimal ROI of 10% is achieved or until the stop loss of -0.99 is triggered. Please note that this is a simplified explanation of the strategy, and there may be additional details and considerations not mentioned in the provided code snippet.
It checks if the RSI value has dropped below a predefined threshold of 30 in the last 12 candles.
If the RSI drop is detected and has not been previously emitted as an alarm for the pair, it triggers an alarm and prints a TradingView URL for the pair's chart with a 5-minute interval.
An alarm flag is set to avoid repetitive alarms for the same pair. The strategy populates the 'buy' signal for all candles in the dataframe. The strategy populates the 'sell' signal for all candles in the dataframe. The strategy is designed to generate a single buy signal and hold the position until the minimal ROI of 10% is achieved or until the stop loss of -0.99 is triggered. Please note that this is a simplified explanation of the strategy, and there may be additional details and considerations not mentioned in the provided code snippet.
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stoploss: -0.99 timeframe: 5m hash(sha256): 7429662165bcf89207dd1981ff8837d17711921d34db89fcf94a8de4447ce6ec
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last change: 2024-07-27 15:39:57