The "keltnerchannel" strategy is a trading strategy that uses the Keltner Channel and RSI (Relative Strength Index) indicators to generate buy and sell signals. Here's a breakdown of what the strategy does:
Indicators:
Keltner Channel: Calculates the upper, lower, and middle bands of the Keltner Channel using a window of 16 and average true range (ATR) of 1. RSI: Calculates the RSI indicator with a time period of 14.
Horizontal RSI line: Sets a fixed value of 61 for the horizontal line.
Buy Signal: The strategy generates a buy signal when the following conditions are met: The close price crosses above the upper band of the Keltner Channel.
The RSI value is above the horizontal RSI line. Sell Signal: The strategy generates a sell signal when the close price crosses below the middle band of the Keltner Channel. Stop Loss and ROI: The stop loss is set to -0.254, which means that if the trade reaches a loss of 0.254 (25.4%), it will trigger a sell signal. The minimal return on investment (ROI) targets are defined as follows: If the trade reaches a profit of 6.96%, it will trigger a sell signal. If the trade reaches a profit of 40.8%, it will trigger a sell signal. If the trade reaches a profit of 0% (breakeven), it will trigger a sell signal. Plot Configuration: The main plot shows the Keltner Channel with the upper band in purple, the middle band in blue, and the lower band in purple (with reduced opacity). The subplots include an RSI indicator in orange and a horizontal line at a value of 61 (with reduced opacity). Note: The strategy is designed for the daily timeframe (1d). It uses various libraries for indicator calculations, such as talib, qtpylib, pandas_ta, numpy, and pandas. Additionally, the strategy inherits from the freqtrade.strategy.interface.IStrategy class and includes parameter definitions for hyperopt (hyperparameter optimization).
Horizontal RSI line: Sets a fixed value of 61 for the horizontal line.
Buy Signal: The strategy generates a buy signal when the following conditions are met: The close price crosses above the upper band of the Keltner Channel.
The RSI value is above the horizontal RSI line. Sell Signal: The strategy generates a sell signal when the close price crosses below the middle band of the Keltner Channel. Stop Loss and ROI: The stop loss is set to -0.254, which means that if the trade reaches a loss of 0.254 (25.4%), it will trigger a sell signal. The minimal return on investment (ROI) targets are defined as follows: If the trade reaches a profit of 6.96%, it will trigger a sell signal. If the trade reaches a profit of 40.8%, it will trigger a sell signal. If the trade reaches a profit of 0% (breakeven), it will trigger a sell signal. Plot Configuration: The main plot shows the Keltner Channel with the upper band in purple, the middle band in blue, and the lower band in purple (with reduced opacity). The subplots include an RSI indicator in orange and a horizontal line at a value of 61 (with reduced opacity). Note: The strategy is designed for the daily timeframe (1d). It uses various libraries for indicator calculations, such as talib, qtpylib, pandas_ta, numpy, and pandas. Additionally, the strategy inherits from the freqtrade.strategy.interface.IStrategy class and includes parameter definitions for hyperopt (hyperparameter optimization).
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stoploss: -0.254 timeframe: 5m hash(sha256): 1ab5631dd51bf9ba5245e86aff177ff05a2dceb22bd7c4a23a4f7efa6248f5ea indicators: kc_middleband kc_lowerband close rsi hline kc_upperband
No similar strategies found. (based on used indicators)
last change: 2024-07-27 14:24:58