This is the TimeToTrade help wiki. Backtest your Trading Strategies. Manage your Investment Club. Use timetotrade to set up trading rules and receive alerts to your email or mobile phone as soon as your RSI investment conditions are met. You can set up RSI alerts to notify you, or execute trades, when the RSI is overbought or oversold; if RSI forms a V with a sudden change in direction; combine RSI with other indicators such as the Moving Average to create an alert that will tell you if the market is overbought or oversold in a trending market.
You can also quickly backtest your alert based trading strategies. The following provides an example of how some of these alerts can be set up using timetotrade. You can set up alerts to notify you, or execute trades, for example when the RSI rises above 30, falls below 70, breaks-out or pulls back.
You can combine the RSI if other indicators, such as the Moving Average to create multi-condition alerts. Use timetotrade to avoid missing trading opportunities, regardless of how busy you are You can adjust the default period and interval parameter values to find the best fit between price movement and the RSI indicator. The default period setting is RSI 14 , but you can change the period to suit your trading preferences using the chart settings.
To the bottom left hand side of timetotrade's price and technical charts are sets of "Alert Trigger Buttons":.
There are no programming languages to learn, no macros or complex formulas for you to write. Just click a button, enter your parameters, "add the trigger" and "activate" and your alert is created. The following types of RSI Alert Triggers are available on the timetotrade system for creating your own alerts:. To create an alert that will be triggered and notify you, or execute trades, when the RSI rises above a certain value, just click the RSI "Rising Threshold" Trigger button as shown below.
The alert condition will then appear in the "Alert Creation" box on the right hand side of the chart page. Here you can customise the alert to suit you: The next time the RSI rises above, eg 70 you will be notified by an alert sent to your email or cell phone. To create an alert that will be triggered and notify you, or execute trades, when the RSI falls below a certain value, just click the RSI "Falling Threshold" Trigger button as shown below:. As in the previous example, input the value you would like to be alerted that the RSI has fallen below, eg 30 and customise and "activate" your alert as previously described.
The next time the RSI falls below your specified value, you will be notified by an alert sent to your email or mobile phone. To create an alert that will be triggered to notify you, or execute trades, when the RSI increases by a certain amount, just click the RSI "Break-Out" Trigger button as shown below, input the value you wish to see the RSI increase by, and customise the alert to suit.
Remember to click the "activate" button. The next time the RSI increases by your specified value, you will receive an alert to your email or mobile phone. To create an alert that will be triggered and notify you, or execute trades, when the RSI decreases by a certain value, just click the RSI "Pull-Back" Trigger button as shown below, input the value you wish to see the RSI fall by, customise and "activate" the alert.
The next time the RSI decreases by your specified value, you will receive an alert to your email or mobile phone. Multiple RSI triggers can be combined to create an alert. For example an alert can be created to provide a notification of when the RSI is oversold below 30 following by a breakout change of trend forming a V. Sequence the alerts as the first requirement is for RSI to fall below 30 and then we want RSI to increase by at least 3 as illustrated:.
To learn more about Sequencing multiple alert triggers click here. Activate the alert and the next time your RSI Oversold Chart conditions are met, you will be notified. You can also back test your RSI alerts to check that they have been set up correctly and test trading strategies. Click here to learn more about backtesting your alert based trading strategies using timetotrade. Go to the Ask A Question section on the timetotrade forum to see the type of RSI; alerts that timetotrade users are creating:.
You can also create alerts on your own Custom Indicators. Once you are familiar with creating basic alerts you can use TimeToTrade's advanced features to customise your alerts to suit you.
You can build compound alerts containing multiple trigger conditions against price and multiple technical indicators; for example: You can also edit the alert message you will receive and be notified by Email and SMS text messages when your alert trigger conditions are met.
Alerts can be set up to check if the trigger condition has been met at the end of an interval or on each tick during the interval. When creating alerts, click on the alert trigger and set the 'Check trigger when' field to 'interval closes' or 'on each tick during the interval' to change the behaviour. For example if you wanted to check if the Close Price at the end of a 15 minute interval rises above 1.
If however you wanted to check for example if the hourly RSI falls below 30 and want to get an alert if that happens during the 1 hour interval, rather than checking at the close of the 1 hour interval, check the alert trigger 'on each tick during the interval' as illustrated:. Use can use TimeToTrade to execute trades or notify you when price, trendline, technical analysis, volume or candlestick chart conditions are met.
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