Algoticks.in: RSI Strategy

RSI Strategy - User Guide

Overview
This is a Relative Strength Index (RSI) strategy that generates trading signals based on overbought and oversold levels. It integrates with Algoticks.in API for automated trading on Delta Exchange.

Strategy Logic

• Long Signal: When RSI crosses above the Oversold level (Mean Reversion / Dip Buy)
  
• Short Signal: When RSI crosses below the Overbought level (Mean Reversion / Top Sell)
  
• Automatically closes opposite positions before entering new ones
  

Quick Setup

1. Add to TradingView

1. Open TradingView and go to the chart
   
2. Click "Pine Editor" at the bottom
   
3. Paste the script code
   
4. Click "Add to Chart"
   

2. Configure Strategy Parameters

Strategy Settings

• RSI Length (default: 14): The lookback period for RSI calculation
  
• Overbought Level (default: 70): Level above which the asset is considered overbought
  
• Oversold Level (default: 30): Level below which the asset is considered oversold
  

General API Settings

• Paper Trading: Enable for testing without real money
  
• Signal Type: Choose "Trading Signal" (default) for tracking
  
• Exchange: DELTA (Delta Exchange)
  
• Segment:
  
  • futures - Perpetual contracts
    
  • options - Call/Put options
    
  • spot - Spot trading
    

Order Settings: Basic

• Quantity: Number of contracts (e.g., 1, 0.5, 2)
  
• Validity:
  GTC - Good Till Cancelled
  IOC - Immediate or Cancel
  FOK - Fill or Kill
  DAY - Day order
  
• Product: cross_margin or isolated_margin
  

Order Settings: Entry Type
Choose how orders are executed:

• Market Order: Immediate fill at best price
  
• Limit Order: Fill at specified price or better
  
• Stop Market: Triggers at stop price, then market order
  
• Stop Limit: Triggers at stop price, then limit order
  

Entry Prices (for Limit/Stop orders)

Limit Price:

• Price: The value to use
  
• Type: Last Price / Mark Price / Index Price
  
• Mode:
  Absolute - Exact price (e.g., 65000)
  Relative - Offset from entry price
  
• % Checkbox: If checked, relative uses percentage; if unchecked, uses points
  

Example:

• Absolute: 65000 → Order at exactly 65000
  
• Relative 1% (checked): Entry ± 1% of entry price
  
• Relative 100 (unchecked): Entry ± 100 points
  

Trigger Price: Same logic as Limit Price, used for Stop orders

Exit / Bracket Prices (SL/TP)

Stop Loss (SL):

• Type: Price type to monitor (Mark Price recommended)
  
• Mode: Absolute or Relative
  
• %: Percentage or points
  
• SL: Stop loss value (e.g., 2 for 2%)
  
• Trig: Optional trigger price (creates Stop-Limit SL)
  

Take Profit (TP): Same structure as SL

Example:

• Long entry at 65000, SL = 2% → Exit at 63700 (65000 - 2%)
  
• Short entry at 65000, TP = 3% → Exit at 63050 (65000 - 3%)
  

3. Options Trading Setup (Only if Segment = Options)

Strike Selection Method

User Defined Mode:

• Manually specify exact strike and option type
  
• Best for: Trading specific levels
  
• Required fields:
  
  • Strike Price: e.g., "65000"
    
  • Option Type: Call or Put
    

Dynamic Mode:

• System calculates strike based on ATM price
  
• Best for: Automated strategies
  
• Required fields:
  
  • Algo Type: Options Buying or Selling
    
  • Strike Offset: 0 (ATM), +1 (above ATM), -1 (below ATM)
    
  • Strike Interval: Gap between strikes (e.g., BTC: 500, ETH: 50)
    

Expiry Date Formats:

• T+0 - Today
  
• T+1 - Tomorrow
  
• current week - This Friday
  
• next week - Next Friday
  
• current month - Last Friday of month
  
• 131125 - Specific date (13 Nov 2025)
  

4. Create Alert for Automation

1. Right-click on chart → "Add Alert"
   
2. Condition: Select your strategy name
   
3. Alert Actions: Webhook URL
   
4. Webhook URL: Your Algoticks.in API endpoint
   
5. Message: Leave as {{strategy.order.alert_message}} (contains JSON)
   
6. Click "Create"
   

The alert will automatically send JSON payloads to your API when signals occur.

Example Configurations

Standard RSI Reversal
[code]
Strategy: RSI Length = 14, OB = 70, OS = 30
Segment: futures
Order Type: market_order
Quantity: 1
SL: 1.5% (Relative)
TP: 3% (Relative)
[/code]

Aggressive Scalping
[code]
Strategy: RSI Length = 7, OB = 80, OS = 20
Segment: futures
Order Type: market_order
Quantity: 0.5
SL: 0.5% (Relative)
TP: 1% (Relative)
[/code]

Important Notes

1. Paper Trading First: Always test with paper trading enabled before live trading
   
2. Order Tags: Automatically generated for tracking (max 18 chars)
   
3. Position Management: Strategy closes opposite positions automatically
   
4. Signal Confirmation: Uses barstate.isconfirmed to prevent repainting
   
5. JSON Payload: All settings are converted to JSON and sent via webhook
   

Troubleshooting

• No signals: Check if RSI is actually reaching your OB/OS levels
  
• Orders not executing: Verify webhook URL and API credentials
  
• Wrong strikes: Double-check Strike Interval for your asset
  
• SL/TP not working: Ensure values are non-zero and mode is correct
  

Support
For API setup and connector configuration, visit Algoticks.in documentation.