The IchimokuStrategy is a trading strategy that utilizes various technical indicators to generate buy and sell signals. Here's a breakdown of its key components:
Historical Data Extension:
The strategy extends the historical data for a given trading pair by downloading additional OHLC (open, high, low, close) data if necessary. This extended data is used for further analysis.
Indicator Calculation:
The strategy calculates several indicators on different time intervals:
Hikenashi Macd: Calculates the MACD (Moving Average Convergence Divergence) indicator on the default time interval.
Macd: Calculates the MACD indicator on the daily interval.
Ichimoku Cloud, Macd: Calculates the Ichimoku cloud and MACD indicators on the 4-hour interval. Indicator Criteria for Buy Signals:
The strategy generates a buy signal when the following conditions are met:
The MACD line crosses above the MACD signal line on both the default and daily intervals. The MACD line on the 4-hour interval is above the MACD signal line. The SAR (Stop and Reverse) indicator on the daily interval is below the opening price. The SAR indicator on the default interval is below the opening price. The RSI (Relative Strength Index) is below 75. The opening and closing prices are above the Senkou Span A and Senkou Span B lines on the 4-hour interval. Indicator Criteria for Sell Signals:
The strategy generates a sell signal when the following condition is met:
The SAR indicator on the daily interval is above the opening price. Note: The strategy considers a minimum number of days for accurate analysis, and if the historical data is insufficient, it does not generate any buy or sell signals. Please keep in mind that this is a brief description of the strategy, and there may be additional details or considerations within the implementation that are not explicitly mentioned here.