Crypto - Relative Strength Strategy - Long

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Crypto - Relative Strength Strategy (Long Only, $100 Buy)
Overview
The "Crypto - Relative Strength Strategy (Long Only, $100 Buy)" is a trading strategy designed to capitalize on the relative strength of a cryptocurrency compared to its historical price movements. This strategy is tailored for long-only positions, meaning it only enters buy trades and exits when the strength indicator turns negative.
Key Features
Relative Strength Calculation: The strategy uses a custom function to calculate the relative strength of the cryptocurrency based on its performance against several moving averages (EMA 8, EMA 34, SMA 20, SMA 50, and SMA 200).
Long-Only Positions: The strategy exclusively enters long positions when the relative strength indicator turns positive.
Fixed $100 Buy Amount: Each time a buy signal is triggered, the strategy purchases $100 worth of the cryptocurrency.
Sell Signals: The strategy closes the entire position when the relative strength indicator turns negative.
Backtesting Date Range: Users can specify a custom date range for backtesting using the input.time function.
Visual Indicators: Green and red areas represent positive and negative strength. Minimal buy and sell signals are plotted on the chart.