Strategy002 is a trading strategy that uses various technical indicators to generate buy and sell signals. The strategy aims to achieve a certain return on investment (ROI) and has a predefined stop loss level. The strategy uses the following indicators:
Stochastic Oscillator (STOCH): Calculates the position of the closing price within the range of high and low prices over a certain period.
Relative Strength Index (RSI): Measures the speed and change of price movements.
Fisher Transform on RSI: Applies the inverse Fisher transform to the RSI values to normalize them between -1.0 and 1.0.
Bollinger Bands: Plots bands above and below the moving average to indicate price volatility. SAR Parabolic (SAR): Identifies potential reversals in the price direction. Hammer Candlestick Pattern (CDLHAMMER): Detects a bullish reversal pattern. The buy signal is generated when the following conditions are met:
RSI is below 30 (oversold condition). Stochastic Oscillator (slowk) is below 20. Bollinger Bands lower band is above the closing price. Hammer candlestick pattern is present. The sell signal is generated when the following conditions are met:
SAR Parabolic is above the closing price. Fisher Transform on RSI is above 0.3. The strategy specifies a minimal ROI target and a stop loss level. It operates on 5-minute timeframe data and does not use trailing stop loss. The strategy also provides options for different order types (e.g., limit for buy/sell and market for stop loss). Please note that this is a brief description of the strategy, and there may be additional implementation details or considerations not mentioned here.