The BBRSINaiveStrategy is a trading strategy that uses a combination of Bollinger Bands and RSI (Relative Strength Index) indicators to generate buy and sell signals. Here's a breakdown of how the strategy works:
Indicator Population:
RSI: Calculates the RSI values for the given data. Bollinger Bands: Calculates the upper, middle, and lower bands of the Bollinger Bands indicator using the typical price.
Buy Signal Generation:
If the RSI value is greater than 25 and the closing price is lower than the lower Bollinger Band, a buy signal is generated.
Sell Signal Generation:
If the RSI value is greater than 70 and the closing price is higher than the middle Bollinger Band, a sell signal is generated.
The strategy also includes additional configuration options and parameters:
Minimal ROI: Defines the minimum return on investment (ROI) expected from the strategy. Stoploss: Sets the optimal stop loss value for the strategy. Trailing Stoploss: Determines whether trailing stop loss is enabled. Timeframe: Specifies the ticker interval for the strategy. Candle Count: Specifies the number of candles required before generating valid signals. Order Types: Defines the order types for buying and selling. Order Time in Force: Specifies the order time in force. Plot Configuration: Configures the appearance of the plot for visualizing the strategy. Note: The strategy can be further customized and additional indicators can be added as needed.