This technical analysis is utilising Relative Strength Index (RSI). RSI is usually used to indicate if a pair is overbought/oversold. Bot has 3 RSI modes: Standard vs Full RSI Limit vs Multiple. Y

Standard Mode

On Standard Mode, a BUY signal is raised when the RSI value of the last candle is bigger than the RSI value of RSISecondShift-th candle. For example, if you set RSISecondShift to 3, then it will compare if last candle’s RSI is bigger than the 3rd last candle’s. And vice versa, SELL signal is raised when RSI value of the last candle is less than the RSI value of RSISecondShift-th candle.

Full RSI Limit Mode

To enable this mode, tick UseFullRSILimit. When this mode is enabled, Standard Mode is no longer used.

On this mode, BUY signal will be raised when RSI goes below RSILow. And SELL signal is raised when RSI goes above RSIHigh.

Multiple Mode

On this mode, you can collate multiple RSI values from different time chart. You can specify it using this format:

Timeframe1-High1-Low1-RSIPeriod1;Timeframe2-High2-Low2-RSIPeriod2

For example:
5-30-70-14;30-35-65-14

What the example above means: BUY signal is raised when RSI value on 5m chart goes below 30, and RSI on 30m chart goes below 35. Both are using RSI Period of 14.