The RSIBB02 strategy is a trading strategy that uses the Relative Strength Index (RSI) and Bollinger Bands indicators to generate buy and sell signals. Here's a breakdown of how the strategy works:
Indicators:
RSI: Calculates the RSI value based on the price data. Bollinger Bands: Calculates the upper, middle, and lower bands based on the typical price.
Buy Signal:
Condition: RSI is greater than 19 and the closing price is below the lower Bollinger Band.
Action: Sets the 'buy' column to 1 for the corresponding data points.
Sell Signal:
Condition: RSI is greater than 83 and the closing price is above the middle Bollinger Band. Action: Sets the 'sell' column to 1 for the corresponding data points. The strategy aims to buy when the price is relatively low (below the lower Bollinger Band) and the RSI is indicating oversold conditions (RSI > 19). It aims to sell when the price is relatively high (above the middle Bollinger Band) and the RSI is indicating overbought conditions (RSI > 83). The strategy's minimal return on investment (ROI) targets are predefined for different time periods, and the stop loss is set at -12.52%. The ticker interval used for the strategy is 1 hour. Please note that the strategy provided is the default strategy from the Freqtrade bot, and you can customize it to fit your requirements or develop your own strategy based on this template.