Announcement: Bamboo-ta library 0.1.1 and Bollinger Trend Indicators (Patreon)

Bamboo-ta

As some of you already might have noticed. In my Bollinger Bands Trend indicator trading strategy I made use of a couple of indicators that are not available in other TA libraries.

Instead I created my own Python library that contains the technical indicators I like and think are worthwhile to keep.

At the moment I am at version 0.1.1 of this library, which already contains many indicators.

However this library is still in it's infancy stage. Which means that a lot of development has to be done.

For example, I collected a lot of indicators that were included in strategy code found left and right in Freqtrade trading strategies. And why not collect them into a central Python module, for ease, comfort and a standardized way of calling these into current and future trading strategies.

Bollinger Fast Trend Indicator with MA changes

To make everything standardized, this also means to reassess older indicators that were already used and distributed. In this specific case I also had to change the way the Bollinger Bands Trend and Fast Trend indicator is called from the Freqtrade strategy code.

To be specific. In the earliest versions of the bamboo-ta library the colums in the indicator dataframe were called with capitals (see BBTrend etc below).

But to make everything consistent and also make a visible difference between calling the Indicator and calling the columns from its created dataframe, I changed this to lower case letters.

See image below:

This also counts for the MACD indicator in this case. I created my own MACD indicator and call this from the bamboo-ta library. In the old way these were columns like 'MACD' and 'MACD_signal'. But with the new default way they are called by their lowercase 'macd' and 'macd_signal'

So if you update the babmoo-ta library to the most current version (0.1.1 at the time of writing) then know that the Bollinger Trend strategies might get broken by this upgrade.

Python module and GIT repo

The python module can be downloaded and installed with: pip install bamboo-ta

And all the code is available in my github repository: https://github.com/DutchCryptoDad/bamboo-ta

Future Ideas for strategies with this module

There is also another reason why I created this python module...

I want to also focus more on trading strategies from other sources like Youtube videos and Tradingview. And a lot of these sources use indicators or ideas that are not available in the current TA-libraries. So I decided to make this a double-edged sword.

I can now create reusable indicators in a module that can be used by anybody. And due to their simplicity they can be used in regular data analysis and also Freqtrade strategy building (maybe other bots too...)

Besides this I can now also learn more on programming with Python and development as a process. Which can be beneficial for creating more advanced trading strategies.

Suggestions and ideas

Your suggestions for trading indicators or other specific functionalities on trading are welcome. But I will handle these on a best effort (and opportunistic) base.

Reported bugs will be handled with a higher priority though. Don't want to have a faulty strategy ;-)

But first...

But first the holiday seasons are coming and it will be time to recharge. Most of you know that I have a busy family live and also a normal day job besides this venture. So after my vacation I will pick things up where I left these and will continue to search for the best and most profitable trading strategy/algo.

Btw. The forward testing trading bots are still running but I stopped streaming. I will come back with updates in the future on Patreon though

Thanks for being my Patron and until the next post!