The ADXMomentum strategy is a trading strategy that uses several technical indicators to identify buying and selling opportunities in the market. Here is a short description of what the strategy does:
It calculates the Average Directional Index (ADX), Positive Directional Indicator (+DI), Negative Directional Indicator (-DI), Parabolic SAR (SAR), and Momentum (MOM) indicators for the given data. For the buying signal, it checks the following conditions:
ADX is greater than 25
Momentum is negative
-DI is greater than 25
+DI is less than -DI
If all conditions are met, it marks it as a buy signal.
For the selling signal, it checks the following conditions:
ADX is greater than 25
Momentum is positive
-DI is greater than 25
+DI is greater than -DI
If all conditions are met, it marks it as a sell signal.
The strategy sets a minimal return on investment (ROI) of 0.01 and a stop loss of -0.25.
It is designed to be used with ticker intervals of 1 hour. Please note that this is a simplified description and there may be additional complexities and considerations involved in implementing and using this strategy effectively.