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This repository has been archived by the owner on Jun 8, 2023. It is now read-only.
The trend_total_signal_needed_candles_lookback_window_value's are based on an idea out of the EmperorBTC Trading Manual.
As you can see in the picture a great buy signal was the result of 6 indicators firing rapidly after one another.
To more represent this idea I'd like to move the rolling checks currently done on the total signals, to the individual weighted signals.
Since this should be a more valid implementation of the EmperorBTC idea.
The text was updated successfully, but these errors were encountered:
Perhaps a better implementation (or additional) could be to add a customizable/hyperoptable weighted_signal_cooldown period for individual weighted signals in use.
Reasons behind idea:
To prevent signals from firing again for X candles/minutes after they trigger
As an attempt to get too many buy signals under control
To prevent false re-triggers of signals shortly after the first time they went off
RSI for example usually takes many candles before it goes from 30 back to 70, and then then another rather long amount to go back down from 70 to 30.
So it would be safe to throw in a decent sized cooldown window for each (buy/sell).
To prevent false re-triggers shortly after. (False re-triggers can be explained by zooming out to bigger candles, then you can often see that the trend indeed still had more to go down or up before reversing again, thus RSI bumps around a few times)
This could also cause missed opportunities due to the same reason though, so I'd try to make it hyperoptable or at least configurable so we can tweak to our own liking
Perhaps a better implementation (or additional) could be to add a customizable/hyperoptable weighted_signal_cooldown period for individual weighted signals in use.
After thinking it over I think it would be better to stick to the first idea instead of this, since false re-triggers also go accompanied with false opposite signals (if buy => sell and if sell => buy).
So this would lead to the cooldown window activating on a false signal and perhaps being blocked on the real signal.
Better would be to stick to the 1st idea where a few different signals in a short lookback window can trigger only once. in the lookback window.
The
trend_total_signal_needed_candles_lookback_window_value
's are based on an idea out of the EmperorBTC Trading Manual.As you can see in the picture a great buy signal was the result of 6 indicators firing rapidly after one another.
To more represent this idea I'd like to move the rolling checks currently done on the total signals, to the individual weighted signals.
Since this should be a more valid implementation of the EmperorBTC idea.
The text was updated successfully, but these errors were encountered: