The BBRSINaiveStrategy is a trading strategy that uses the combination of Bollinger Bands and RSI (Relative Strength Index) indicators to generate buy and sell signals. Here's a breakdown of what the strategy does:
Indicator Population:
RSI: Calculates the RSI indicator for the given dataframe. Bollinger Bands: Calculates the upper, middle, and lower bands of the Bollinger Bands indicator using the typical price of the dataframe.
Buy Signal:
Condition: The RSI value is above 25 and the closing price is below the lower Bollinger Band.
Action: Sets the 'buy' column of the dataframe to 1 for the corresponding rows that meet the condition.
Sell Signal:
Condition: The RSI value is above 70 and the closing price is above the middle Bollinger Band. Action: Sets the 'sell' column of the dataframe to 1 for the corresponding rows that meet the condition. Other important details about the strategy:
The strategy defines a minimal return on investment (ROI) and a stop loss value. It operates on 5-minute candlestick data. It requires a startup candle count of 30 before producing valid signals. It uses limit orders for buying and selling, and market orders for stop-loss. It plots various indicators such as RSI, Bollinger Bands, MACD, and SAR. Note: This is a sample strategy provided for customization. Feel free to modify and adapt it to your specific needs.