[KL] Relative Volume Strategy

6 ביולי 2021

This strategy will Long when:

• Confirmation #1: when volume is relatively high

• Confirmation #2: during periods of price consolidation (See <Note 1>)

It exits when either (a) stop loss limit is reached, or when (b) price actions suggest trend is bearish.

<Note 1> Measuring price volatility to assume consolidation:

For each candlestick, we quantify price volatility by referring to the value of standard deviations (2x) of closing prices over a look-back period of 20 candles. This is exactly what the Bollinger Band (“BOLL”) indicates by default.

Knowing the value of standard deviation (2x) of prices (aka the width of lower/upper BOLL bands), we then compare it with ATR (x2) over a user-defined length (can be configured in settings). Volatility is considered to be low, relatively, when the standard deviation (x2) of prices is less than ATR (2x).

6 ביולי 2021

הערות שחרור

Bug fixed (exit message showing "stop loss" or "take profit")

7 ביולי 2021

הערות שחרור

Improved conditional statements to determine bearish engulfing candlesticks.

13 ביולי 2021

הערות שחרור

- improved price action indicators
- modified entry condition, requires the current candlestick to be strong in support, or at least not work as bare minimum (as per price action indicators)

13 ביולי 2021

הערות שחרור

Fixed bugs, and refactored codes.

18 ביולי 2021

הערות שחרור

Values of parameters can now be further customized in settings.