TaSimpleStrategy - ArsenAbazian/CryptoTradingFramework GitHub Wiki
TaSimpleStrategy based on simple technical analysis. It actively uses support and resistance levels indicators which allows you to detect & handle 3 situations:
BreakUp - happens when trendline breaks resistance level and goes up. You can buy at the starting of the breakup and then sell on high. A typical case is shown below.
BreakDown (red waterfalls) - happens when trendline breaks support level and dramatically goes down. In this case, one should buy when the trendline reaches next support level buy at low and then sell when trendline will restore to the previous support level or higher. A typical case with RW is shown below.
PingPong - happens when trendline comes close to support level. Most probably trendline will change direction and goes up to resistance level. In this case try to buy when trendline reaches the support level, buy and then sell near the resistance level.
Yes, that's simple.
Here is how to add a new TaSimpleStrategy:
