RSI Alert Example

Purpose

Automatically find the big price fluctuations by using Alerts widget and setting up RSI indicator with a period of 14 hours.

RSI - The Relative Strength Index (RSI), developed by J. Welles Wilder, is a momentum oscillator that measures the speed and change of price movements. The RSI oscillates between zero and 100. Traditionally the RSI is considered overbought when above 70 and oversold when below 30. Signals can be generated by looking for divergences and failure swings.

RSI overbought and oversold

Step-by-Step Implementation

1

Create

Click to the “Create” link on Alerts Widget. We are starting with the LONG tab.

2

Select Markets

Choose the Separate markets, so conditions will be checked for each market separately and add pairs you want to track.

3

Pick Sources

As a SOURCE we choose the OHLCV (Open High Low Close Volume) indicator and 1 hour timeframe. Click the “Add Metric” link, choose RSI metric and set it to Close with a period of Length 14 (14 bars/hours).

4

Set Conditions

Choose the RSI Close field, set the Operation to Less Than and Value to the 30 (you can tune that value).

5

Configure

Set the Execution to “Real-time” and Continuation to “none”. Activate Telegram alerts and enter your Telegram account.

6

Set Short

Now we can go to the SHORT tab and copy all our markets, sources and conditions. After that we need to change the RSI Close to Greater than 70.

Voila, we have finished setting up the RSI Alert!

Now save it and press the start icon in the console!