RSI Mean-Reversion (Oversold/Overbought)

Waits for extreme RSI readings and trades counter-trend — low risk if paired with position sizing. Great for range-bound markets.

What it demonstrates: built-in RSI via ind.add

When to use: This bot is good for range-bound markets. Use conservative sizing.

const oversold = 30;
const overbought = 70;
const amountPercent = "5%";

function setup() {
  ind.add({
    name: "rsi",
    alias: "rsi",
    inputs: ["close"],
    options: {
      period: 14
    },
  });

}

// Called on each market update (e.g., new candle or tick)
async function update() {
  const rsi = ind.get('rsi');
  const prevRsi = ind.prev("rsi");
  // Wait until there is enough data
  if (!prevRsi) return;
  // bullish signal: previous RSI < oversold and current RSI rising
  const bullish = prevRsi < oversold && rsi > prevRsi;
  const bearish = prevRsi > overbought && rsi < prevRsi;

  if (bullish) {
    await order.buy(null, amountPercent)
  } else if (bearish) {
    await order.sell(null, amountPercent);
  }

}