The BBRSIOptim2020Strategy is a trading strategy that uses the Bollinger Bands and RSI indicators to generate buy and sell signals. Here's a breakdown of how the strategy works:
Indicators:
RSI (Relative Strength Index): Calculates the RSI value based on the price data. Bollinger Bands: Calculates the middle band and lower band of the Bollinger Bands indicator using the typical price.
Buy Signal:
Condition: The close price is below the lower band of the Bollinger Bands (bb_lowerband_3sd).
Action: Sets the 'buy' signal to 1 for the corresponding candle.
Sell Signal:
Condition: The close price is above the middle band of the Bollinger Bands (bb_middleband_1sd). Action: Sets the 'sell' signal to 1 for the corresponding candle. The strategy uses a minimal ROI (Return on Investment) configuration, where different ROI values are defined for specific durations. The stoploss value is also specified to limit potential losses. The strategy operates on 5-minute candle intervals and requires a startup candle count of 30 before producing valid signals. It supports limit orders for buying and selling and uses the "gtc" (good 'til canceled) time in force for these orders. Additionally, the strategy provides visualizations for the TEMA and SAR indicators in the main plot, as well as the MACD and RSI indicators in separate subplots. Note: The strategy may have additional features and configurations that are not explained in the given code snippet.