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markusaksli / TradeBot

Crypto trading bot using Binance API (Java)
GNU General Public License v3.0
373 stars 138 forks source link

Wording #38

Open naujoks-stefan opened 2 years ago

naujoks-stefan commented 2 years ago

Hi,

First of all, really great work!

I have a substantive question. What does Confluence mean in this context?

Best Stefan

markusaksli commented 2 years ago

It denotes the summed signals of the active indicators. Buy signals are added, sell signals are subtracted. The weight of each indicator can be controlled by the value returned in its check method. For now, the default is 1 and the only exception is RSI (which can return double its weight on extreme values). Currently the weights are hardcoded but after the reworks they can be assigned in the config.

Was the use of the word unfamiliar? I just remember it being used in a similar "confluence of indicators" context somewhere.