The BBRSIOptimizedStrategy is a trading strategy that uses a combination of Bollinger Bands (BB) and Relative Strength Index (RSI) indicators to generate buy and sell signals. Here is a brief explanation of how the strategy works:
Indicator Calculation:
The strategy calculates the RSI indicator based on the price data. It also calculates two sets of Bollinger Bands: one with a standard deviation of 1 (bb_mid_1sd) and another with a standard deviation of 3 (bb_lower_3sd).
Buy Signal: The strategy generates a buy signal when the RSI value is greater than 44 (indicating a bullish trend) and the closing price is below the lower Bollinger Band with a 3-standard deviation.
Sell Signal: The strategy generates a sell signal when the closing price is above the middle Bollinger Band with a 1-standard deviation.
Additional Features: The strategy uses a minimal ROI (Return on Investment) configuration to define the desired profit levels at different stages of the trade. It also sets a stop loss level to limit potential losses. The strategy can plot the Bollinger Bands and RSI indicators on a chart for visual analysis. Note: This is a simplified explanation, and there may be additional details and conditions in the strategy implementation.
Buy Signal: The strategy generates a buy signal when the RSI value is greater than 44 (indicating a bullish trend) and the closing price is below the lower Bollinger Band with a 3-standard deviation.
Sell Signal: The strategy generates a sell signal when the closing price is above the middle Bollinger Band with a 1-standard deviation.
Additional Features: The strategy uses a minimal ROI (Return on Investment) configuration to define the desired profit levels at different stages of the trade. It also sets a stop loss level to limit potential losses. The strategy can plot the Bollinger Bands and RSI indicators on a chart for visual analysis. Note: This is a simplified explanation, and there may be additional details and conditions in the strategy implementation.
stoploss: -0.345 timeframe: 15m hash(sha256): 90fae2280da65608aa7ba583d5649638ba28a2b7df7eb0fda348d0f76548973a indicators: bb_lower_3sd mid lower close rsi bb_mid_1sd
No similar strategies found. (based on used indicators)
last change: 2024-05-02 17:42:44