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The BBRSIStrategy is a trading strategy that uses the combination of Bollinger Bands and RSI (Relative Strength Index) indicators to generate buy and sell signals. Here is a breakdown of how the strategy works:
Indicator Calculation:
RSI: Calculates the RSI indicator using the closing prices of the candles. Bollinger Bands: Calculates two sets of Bollinger Bands using the typical price of the candles.
One set uses a standard deviation of 1, and the other set uses a standard deviation of 4.
Buy Signal Generation: The strategy generates a buy signal when two conditions are met: RSI is greater than 25.
The closing price is below the lower Bollinger Band (1 standard deviation). Sell Signal Generation: The strategy generates a sell signal when two conditions are met: RSI is greater than 95. The closing price is above the upper Bollinger Band (1 standard deviation). Optional Features: The strategy allows for setting a minimal return on investment (ROI) and a stop loss value. Trailing stop loss can be enabled. The strategy operates on 15-minute candle intervals. The strategy requires a startup candle count of 30 before producing valid signals. Please note that this is a simplified explanation of the strategy, and there may be additional nuances and parameters involved in the actual implementation.
One set uses a standard deviation of 1, and the other set uses a standard deviation of 4.
Buy Signal Generation: The strategy generates a buy signal when two conditions are met: RSI is greater than 25.
The closing price is below the lower Bollinger Band (1 standard deviation). Sell Signal Generation: The strategy generates a sell signal when two conditions are met: RSI is greater than 95. The closing price is above the upper Bollinger Band (1 standard deviation). Optional Features: The strategy allows for setting a minimal return on investment (ROI) and a stop loss value. Trailing stop loss can be enabled. The strategy operates on 15-minute candle intervals. The strategy requires a startup candle count of 30 before producing valid signals. Please note that this is a simplified explanation of the strategy, and there may be additional nuances and parameters involved in the actual implementation.
stoploss: -0.360367 timeframe: 15m hash(sha256): af34ab45fc3fc115e632f1683aa58ba938a2192aacc66c5a01182b090037a0e2
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last change: 2023-05-03 06:46:06