https://github.com/CoinAlpha/hummingbot-rfox.git

Summary

The “twap_plus” strategy highly involves the Relative Strength Indicator (RSI) trend of a certain trading pair to execute trades. This way users can setup bots to match whenever the RSI levels are theoretically giving “Buy” signals or “Sell” signals and decide potential entry and exit points.

Brief overview of RSI

(RSI) is a momentum indicator that evaluates overbought or oversold conditions by measuring the magnitude of recent price changes for various assets. It is displayed as an oscillator (a line graph that moves between two extremes) and can have a reading from 0 to 100.

Traditional interpretation and usage of the RSI are:

• 70 or above - (SELL) Indicates that an asset is becoming overbought or overvalued and may be primed for a trend reversal or corrective pullback in price.
• 30 or below - (BUY) Indicates an oversold or undervalued condition and may be poised for a rebound.

For more info about RSI click the link below.

Relative Strength Index (RSI)

Where to find the RSI in the exchange?

The RSI Graph is available as a custom view in most exchanges. A view on how it looks like is seen below.

Strategy Config Map

The table below reflects the config settings that comes after strategy; connector and trading_pair setup.