RSI

RSI Index (Relative Strength Index) RSI (Relative Strength Index) is a popular technical analysis indicator that helps assess the strength of the current trend and the likelihood of its reversal. It is simple to use and therefore widely applied by traders.

Key Characteristics

  • Range: from 0 to 100.

  • Calculation: based on the ratio of average gains to average losses over a given period (default — 14 candles of the selected timeframe).

Interpretation

  • RSI > 70 — the asset is considered overbought, high probability of a price decline (signal for SHORT).

  • RSI < 30 — the asset is considered oversold, high probability of a price increase (signal for LONG).

How to enable RSI on the chart

  1. In the exchange terminal, click Indicators.

  2. Search for “RSI”.

  3. Select Relative Strength Index.

Indicator Settings

  • Hover over the ⚙ icon next to the indicator’s name.

  • Set the Length (default = 14 candles).

  • Important: use the same period value as in your bot’s settings.

Using RSI to launch a bot

When setting entry conditions, you specify the RSI level based on your strategy. Possible options:

  • RSI > [value] → bot launches when RSI rises above the chosen level.

  • RSI < [value] → bot launches when RSI falls below the chosen level.

Examples:

  • RSI > 70 is often used to trigger a SHORT bot.

  • RSI < 30 can be a condition for a LONG bot.

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