[KL] Relative Volume Strategy

2021年7月6日

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).

2021年7月6日

版本注释

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

2021年7月7日

版本注释

Improved conditional statements to determine bearish engulfing candlesticks.

2021年7月13日

版本注释

- 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)

2021年7月13日

版本注释

Fixed bugs, and refactored codes.

2021年7月18日

版本注释

Values of parameters can now be further customized in settings.