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The "keltnerchannel" strategy is a trading strategy designed to identify potential buying and selling opportunities based on the Keltner Channel and RSI (Relative Strength Index) indicators. Here's a breakdown of how the strategy works:
Indicators:
Keltner Channel: The strategy uses the Keltner Channel indicator, which consists of an upper band, a lower band, and a middle band. These bands are calculated based on the average true range (ATR) of the price.
The upper and lower bands represent potential overbought and oversold levels, while the middle band indicates the average price.
RSI: The strategy also utilizes the RSI indicator, which measures the speed and change of price movements.
It helps identify whether an asset is overbought or oversold. Buying Conditions: 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 above a specified horizontal line (in this case, 61). Selling Conditions: The strategy generates a sell signal when the following condition is met: The closing price crosses below the middle band of the Keltner Channel. Risk Management: Stop Loss: The strategy sets a fixed stop loss level at -0.254, which means that if the price drops by more than 0.254, the position will be automatically sold. Minimal ROI (Return on Investment): The strategy sets the minimal ROI to 100, preventing the sell signal from being triggered based on ROI.
The upper and lower bands represent potential overbought and oversold levels, while the middle band indicates the average price.
RSI: The strategy also utilizes the RSI indicator, which measures the speed and change of price movements.
It helps identify whether an asset is overbought or oversold. Buying Conditions: 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 above a specified horizontal line (in this case, 61). Selling Conditions: The strategy generates a sell signal when the following condition is met: The closing price crosses below the middle band of the Keltner Channel. Risk Management: Stop Loss: The strategy sets a fixed stop loss level at -0.254, which means that if the price drops by more than 0.254, the position will be automatically sold. Minimal ROI (Return on Investment): The strategy sets the minimal ROI to 100, preventing the sell signal from being triggered based on ROI.
stoploss: -0.254 timeframe: 5m hash(sha256): 5599f48effb6d849356410466b0929b5bf2ec805fe9421cfa1ccf91c8915c554 indicators: kc_middleband kc_lowerband close rsi hline kc_upperband
No similar strategies found. (based on used indicators)
last change: 2023-06-24 09:36:04