The "true_lambo" strategy is a trading strategy that uses various technical indicators to make buy decisions in the cryptocurrency market. Here's a breakdown of what the strategy does:
Populating Indicators:
Bollinger Bands: Calculates the upper, middle, and lower bands based on the typical price. Moving Averages: Calculates different types of moving averages (simple, exponential, hull) with different time periods.
Relative Strength Index (RSI): Calculates RSI values with different time periods.
EWO: Calculates the Elder's Force Index.
Stochastic Fast: Calculates the fast %K and %D values. Average Directional Index (ADX): Calculates the ADX value. Heikin Ashi: Converts the candlestick data to Heikin Ashi format. VWAP Bands: Calculates the upper, middle, and lower bands of Volume-Weighted Average Price (VWAP). Populating Buy Trend:
The strategy defines several conditions for buying based on the calculated indicators. Some of the conditions include detecting potential pump or crash events, EMA crossover, certain values being below thresholds, and specific patterns in Bollinger Bands and Heikin Ashi. The conditions are combined using logical operators to generate a buy signal. The strategy utilizes various indicators to identify potential buying opportunities in the cryptocurrency market based on predefined conditions.