The RSI (Relative Strength Index) is a classic oscillator that shows the relative rate of change in coin prices over a given time period.
For calculations of the indicator RSI in Veles takes a standard value of length – RSI 14.
Length here is the period, how many candlesticks are taken to calculate the indicator.
When setting the RSI, you can specify your own parameters, for example, “RSI 30 min less than 25” (the coin is oversold), or “RSI 30 min more than 80” (the coin is overbought).
And you can also choose not to select values, but only the timeframe.
If a custom value is not specified, the indicator works as RSI<70 on the selected timeframe for the LONG-bot.
If a custom value is not specified, the indicator works as RSI>30 on the selected timeframe for the SHORT-bot.
