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The RSIBB strategy is a trading strategy that uses two technical indicators: RSI (Relative Strength Index) and Bollinger Bands. In the populate_indicators function, the strategy calculates the RSI indicator, which measures the strength and weakness of the price movements. It also calculates the Bollinger Bands, which consist of an upper band, a middle band (simple moving average), and a lower band.
The Bollinger Bands help identify potential price levels where the price is overbought (near the upper band) or oversold (near the lower band).
In the populate_buy_trend function, the strategy determines the conditions for a buy signal.
It looks for instances where the RSI is above 30 (indicating the asset is not oversold) and the closing price is below the lower Bollinger Band (suggesting a potential upward movement towards the middle band). In the populate_sell_trend function, the strategy determines the conditions for a sell signal. It identifies instances where the closing price is above the middle Bollinger Band, indicating that the price may fall towards the middle band. The strategy aims to avoid buying when the asset is oversold (RSI < 30) and to avoid selling when the asset is overbought (closing price > middle Bollinger Band). By combining these indicators, the strategy attempts to capture potential price reversals and capitalize on the mean-reversion behavior of the price towards the middle Bollinger Band. Please note that the strategy does not define specific values for the minimal ROI (return on investment) and stop loss.
The Bollinger Bands help identify potential price levels where the price is overbought (near the upper band) or oversold (near the lower band).
In the populate_buy_trend function, the strategy determines the conditions for a buy signal.
It looks for instances where the RSI is above 30 (indicating the asset is not oversold) and the closing price is below the lower Bollinger Band (suggesting a potential upward movement towards the middle band). In the populate_sell_trend function, the strategy determines the conditions for a sell signal. It identifies instances where the closing price is above the middle Bollinger Band, indicating that the price may fall towards the middle band. The strategy aims to avoid buying when the asset is oversold (RSI < 30) and to avoid selling when the asset is overbought (closing price > middle Bollinger Band). By combining these indicators, the strategy attempts to capture potential price reversals and capitalize on the mean-reversion behavior of the price towards the middle Bollinger Band. Please note that the strategy does not define specific values for the minimal ROI (return on investment) and stop loss.
stoploss: -0.99 timeframe: 5m hash(sha256): 6071f48f65f896bc6ed4812001856a0625485fad1cd124f345fd919995ae55fe indicators: upper mid lower bb_middleband rsi close bb_upperband bb_lowerband
No similar strategies found. (based on used indicators)
last change: 2023-09-29 17:54:49