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RSI

RSI (Relative Strength Index) is a popular technical analysis indicator that helps evaluate the strength of the current trend and the probability of a reversal.

It is simple to use and therefore widely used by traders.

Main Features

  • Value range: from 0 to 100
  • Calculation: based on the ratio of average price gains to average price losses over a specified period. By default, this is 14 candles of the selected timeframe

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Value Interpretation

  • RSI > [value] — the asset is considered overbought, and the probability of a price decrease is higher. This is often used as a signal for a SHORT bot
  • RSI < [value] — the asset is considered oversold, and the probability of a price increase is higher. This is often used as a signal for a LONG bot

How to Enable RSI on the Exchange Chart

  1. In the exchange terminal, click Indicators
  2. Type RSI in the search field
  3. Select Relative Strength Index

Indicator Settings on the Exchange

  • Hover over the ⚙ icon next to the indicator name
  • Set the period (Length). By default, it is 14 candles
  • Important: use the same period value that you specify in the bot settings

Using RSI to Start a Bot

When configuring entry conditions, you define the RSI level yourself depending on your strategy.

  • RSI > [value] — the bot will start if the indicator value rises above the specified level
  • RSI < [value] — the bot will start if the indicator value falls below the specified level

Examples:

  • RSI > 70 is often used as a signal to start a SHORT bot
  • RSI < 30 can be used as a condition for a LONG bot