The Relative Strength Index (RSI) is a momentum indicator that tracks price changes to help determine overbought and oversold conditions of an asset.
The RSI is calculated by comparing the average gains and losses of an asset over a given time period. It is displayed as a line graph (oscillator) that moves between a range of 0 to 100.
How can it be used within the Capitalise Platform?
The RSI can be incorporated into your strategy on Capitalise, with the following configurable parameters:
Number of Bars (NumOfBars):
The number of bars used to calculate the RSI. The maximum number of bars that can be used is 200.Bar Period (BarPeriod):
The time interval for each bar in the calculation. Available options are 1 minute, 5 minutes, 15 minutes, 30 minutes, 1 hour, 2 hours, 4 hours, Day, Week, or Month.Bar Price (BarPrice):
The price you want to base the RSI calculation on. You can choose from the open, close, high, low, or mid of each bar.
Please note that the current (open) bar is not considered in the RSI calculation; only closed bars are factored in.
When you type "Relative Strength Index" or "RSI" into the Capitalise wizard, you will see these parameters available for setup, as shown here:
Below are two examples using RSI with the Capitalise platform:
Buy 1,000 EUR/USD if the RSI (14, Day, Close) of EUR/USD crosses above 50
Sell 18 AAPL if the RSI (200, 30m, Open) of AAPL crosses below 40
Note: All screenshots and examples are for technical demonstration purposes only. They should not be considered as recommendations for any specific trading strategy, nor do they constitute any form of advice. Please click here for further explanation