The BBRSIStrategy 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's a breakdown of how the strategy works:
Indicators:
RSI: Calculates the RSI values for the given timeframe. Bollinger Bands: Calculates the upper and lower bands of Bollinger Bands using the typical price and two different standard deviations (1 and 4).
Buy Signal:
Conditions: The strategy generates a buy signal when the RSI value is greater than 25 and the closing price is below the lower band of the Bollinger Bands with 1 standard deviation.
Action: Sets the 'buy' column of the dataframe to 1 for the corresponding candle.
Sell Signal:
Conditions: The strategy generates a sell signal when the RSI value is greater than 95 and the closing price is above the upper band of the Bollinger Bands with 1 standard deviation. Action: Sets the 'sell' column of the dataframe to 1 for the corresponding candle. Other important details about the strategy:
The strategy is designed to be used with a 15-minute timeframe. It requires a minimum of 30 candles before producing valid signals. The strategy uses limit orders for buying and selling, and market orders for stop-loss. The minimal ROI (Return on Investment) and stop-loss values are predefined. Trailing stop-loss is not enabled in this strategy. The strategy does not define any informative pair/interval combinations. Please note that this is a simplified description of the strategy, and there may be additional details or parameters that can be customized or modified based on specific requirements.