The "keltnerchannel" strategy is a trading strategy that uses the Keltner Channel indicator and the Relative Strength Index (RSI) to generate buy and sell signals. Here is a breakdown of what the strategy does:
Timeframe: The strategy operates on a daily timeframe. Stoploss and ROI: The stoploss parameter is set to -100 to prevent it from triggering a sell signal.
The minimal_roi parameter is set to {"0": 100}, which means that the strategy aims for a 100% return on investment.
Indicators: Keltner Channel: The strategy calculates the Keltner Channel using a window of 20 and an average true range (ATR) of 1.
It extracts the upper, lower, and middle bands of the channel and adds them as columns to the dataframe. RSI: The strategy calculates the RSI with a time period of 14 and adds it as a column to the dataframe. Horizontal RSI line: The strategy sets a horizontal line at the value of 55. Buy Signal: The strategy generates a buy signal when the following conditions are met: The closing price crosses above the upper band of the Keltner Channel. The RSI value is higher than the horizontal RSI line. Sell Signal: The strategy generates a sell signal when the closing price crosses below the middle band of the Keltner Channel. Plotting: The strategy configures the plotting of the following elements: Keltner Channel: The upper and lower bands are plotted as purple lines with reduced opacity, and the middle band is plotted as a blue line. RSI: The RSI values are plotted as an orange line. Horizontal RSI line: A horizontal grey line is plotted at the value of 55. This strategy aims to capture potential buying opportunities when the price breaks above the upper band of the Keltner Channel and the RSI indicates a bullish condition. It generates a sell signal when the price falls below the middle band of the Keltner Channel.
The minimal_roi parameter is set to {"0": 100}, which means that the strategy aims for a 100% return on investment.
Indicators: Keltner Channel: The strategy calculates the Keltner Channel using a window of 20 and an average true range (ATR) of 1.
It extracts the upper, lower, and middle bands of the channel and adds them as columns to the dataframe. RSI: The strategy calculates the RSI with a time period of 14 and adds it as a column to the dataframe. Horizontal RSI line: The strategy sets a horizontal line at the value of 55. Buy Signal: The strategy generates a buy signal when the following conditions are met: The closing price crosses above the upper band of the Keltner Channel. The RSI value is higher than the horizontal RSI line. Sell Signal: The strategy generates a sell signal when the closing price crosses below the middle band of the Keltner Channel. Plotting: The strategy configures the plotting of the following elements: Keltner Channel: The upper and lower bands are plotted as purple lines with reduced opacity, and the middle band is plotted as a blue line. RSI: The RSI values are plotted as an orange line. Horizontal RSI line: A horizontal grey line is plotted at the value of 55. This strategy aims to capture potential buying opportunities when the price breaks above the upper band of the Keltner Channel and the RSI indicates a bullish condition. It generates a sell signal when the price falls below the middle band of the Keltner Channel.
stoploss: -100 timeframe: 5m hash(sha256): 3551f732f5cb2adf83a762bd3b75c0bcdef3fc460753b29c4f06e23341049a0c indicators: kc_middleband kc_lowerband close rsi hline kc_upperband
No similar strategies found. (based on used indicators)
last change: 2022-08-15 00:23:22