You will be redirected to the original Strategy in 15 seconds.
The RSIBB01 strategy is a trading strategy that combines the use of the Relative Strength Index (RSI) and Bollinger Bands indicators. Here's a short description of what the strategy does:
Populating Indicators:
Calculates the RSI (Relative Strength Index) indicator. Calculates the Bollinger Bands indicator, including the lower band, middle band (simple moving average), and upper band.
Populating Buy Trend: Identifies buying opportunities based on the following conditions: RSI value is greater than 30, indicating that the asset is not oversold.
The closing price is below the lower Bollinger Band, suggesting that the price may rise towards the middle band.
Populating Sell Trend: Identifies selling opportunities based on the following conditions: The closing price is above the middle Bollinger Band, suggesting that the price may fall towards the middle band. The strategy aims to capitalize on the mean-reversion properties of the Bollinger Bands and the overbought/oversold conditions indicated by the RSI. It buys when the price is below the lower band and the RSI is above 30, and sells when the price is above the middle band.
Populating Buy Trend: Identifies buying opportunities based on the following conditions: RSI value is greater than 30, indicating that the asset is not oversold.
The closing price is below the lower Bollinger Band, suggesting that the price may rise towards the middle band.
Populating Sell Trend: Identifies selling opportunities based on the following conditions: The closing price is above the middle Bollinger Band, suggesting that the price may fall towards the middle band. The strategy aims to capitalize on the mean-reversion properties of the Bollinger Bands and the overbought/oversold conditions indicated by the RSI. It buys when the price is below the lower band and the RSI is above 30, and sells when the price is above the middle band.
stoploss: -0.99 timeframe: 1h hash(sha256): 843aaac90c84f983f904ed638060ba44f51cf14b990f66ed4493c381025cf87c indicators: upper mid lower bb_middleband rsi close bb_upperband bb_lowerband
No similar strategies found. (based on used indicators)
last change: 2023-09-12 04:59:04