bbrsi_3

The BBRSI strategy is a backtesting strategy that uses Bollinger Bands and the Relative Strength Index (RSI) to generate buy and sell signals for trading. Here is a brief description of what the strategy does: The strategy uses the Bollinger Bands indicator, which consists of a middle band and upper and lower bands that are based on the standard deviation of the price. In this strategy, two sets of Bollinger Bands are calculated: one with 1 standard deviation and another with 4 standard deviations.

The Relative Strength Index (RSI) is calculated based on the price data.

For generating buy signals, the strategy checks if the closing price is below the lower band of the Bollinger Bands with 4 standard deviations and if the RSI is greater than 13.

For generating sell signals, the strategy checks if the closing price is above the middle band of the Bollinger Bands with 1 standard deviation. The strategy defines a minimal return on investment (ROI) and a stop-loss value. The ticker interval used for the strategy is 1 hour. The strategy specifies the order types for buying and selling as 'limit' orders and the stop-loss order as a 'market' order. The time in force for the buy and sell orders is set to 'gtc' (good 'til canceled), meaning the orders remain active until they are filled or canceled. Overall, the strategy aims to capture potential buying opportunities when the price is below the lower Bollinger Band and the RSI is high, and to sell when the price rises above the middle Bollinger Band.