< All Topics

In BATT Bot, Technical Indicators are crucial tools used for analyzing the market and making informed trading decisions. Indicators such as RSI, MACD, and SMA help determine overbought or oversold conditions, trend directions, and potential reversal points. This guide will walk you through the steps of configuring these technical indicators in BATT Bot.

Step 1: Access the Configuration Page

  1. Open BATT Bot.
  2. Click the Settings button located at the top-right corner of the interface to open the Configuration Page.
  3. Once the Configuration Page is open, you’ll see sections for setting up various indicators like RSI, MACD, and SMA.

Step 2: Configure RSI (Relative Strength Index)

What is RSI?

RSI is a momentum oscillator that measures the speed and change of price movements. It ranges from 0 to 100, with values above 70 typically indicating overbought conditions and values below 30 indicating oversold conditions.

How to Configure RSI in BATT Bot

  1. In the Configuration Page, find the RSI Length field.
  2. Enter your preferred RSI period (default is 14). This value determines how many past periods the RSI calculation will consider. A shorter period makes RSI more sensitive, while a longer period makes it smoother.
  3. After entering the value, click Save Configuration to apply the changes.

Example

For a 14-period RSI, enter 14 in the RSI Length field.

Step 3: Configure MACD (Moving Average Convergence Divergence)

What is MACD?

MACD is a trend-following momentum indicator that shows the relationship between two moving averages of a security’s price. The default MACD settings are:

  • Fast EMA: 12
  • Slow EMA: 26
  • Signal Line: 9

How to Configure MACD in BATT Bot

  1. Locate the MACD Fast, MACD Slow, and MACD Signal fields in the Configuration Page.
  2. Set the following parameters:
    • MACD Fast: Enter the fast moving average length (default is 12).
    • MACD Slow: Enter the slow moving average length (default is 26).
    • MACD Signal: Enter the signal line length (default is 9).
  3. After configuring the values, click Save Configuration to apply the settings.

Example

  • MACD Fast: 12
  • MACD Slow: 26
  • MACD Signal: 9

Step 4: Configure SMA (Simple Moving Average)

What is SMA?

SMA is the simplest form of moving average and is calculated by averaging the closing prices of an asset over a specified number of periods. SMA is often used to identify the direction of the trend.

How to Configure SMA in BATT Bot

  1. Find the SMA Short Length and SMA Long Length fields on the Configuration Page.
  2. Set your desired lengths:
    • SMA Short Length: This is typically used for short-term trends (default is 14).
    • SMA Long Length: This is used for longer-term trends (default is 50).
  3. After setting your desired values, click Save Configuration to apply the changes.

Example

  • SMA Short Length: 14
  • SMA Long Length: 50

Step 5: Additional Technical Indicators

What are Other Indicators?

In addition to RSI, MACD, and SMA, BATT Bot supports several other indicators for detailed market analysis, such as:

  • EMA (Exponential Moving Average)
  • Bollinger Bands (BB)
  • Stochastic Oscillator (STOCH)
  • ADX (Average Directional Index)
  • ATR (Average True Range)
  • CMF (Chaikin Money Flow)

How to Configure Other Indicators

  1. Locate the fields for the desired indicators in the Configuration Page. For example:

    • EMA Short Length: Set the number of periods for the short-term EMA.
    • BB Length: Set the length for Bollinger Bands.
    • STOCH FastK Length and FastD Length: Set the lengths for Stochastic Oscillator.

  2. After adjusting these values, click Save Configuration.

Example for EMA

  • EMA Short Length: 9
  • EMA Long Length: 21

Step 6: How to Combine Indicators for Strategy

Building a Custom Strategy

  1. On the Configuration Page, you will also find the fields for Long Strategy and Short Strategy.

  2. In these fields, you can enter custom strategies that combine the indicators.

    • For a Long Position: You might use a strategy like:
      'sma_short > sma_long AND rsi < 30'
      This indicates a Long position when the short-term SMA is above the long-term SMA and the RSI is below 30, indicating an oversold condition.

    • For a Short Position: You could use:
      'macd_line < signal_line AND rsi > 70'
      This strategy suggests a Short position when the MACD line is below the signal line and the RSI is above 70, indicating an overbought condition.

  3. After setting your custom strategies, click Save Configuration to apply your strategy.

Step 7: Save and Exit the Configuration

  1. After configuring all the Technical Indicators as per your strategy, click Save Configuration at the bottom of the page.
  2. To exit, click Back to return to the main screen.
  3. The bot will now use the configured technical indicators for executing trades based on your chosen strategy.

 

By configuring RSI, MACD, SMA, and other technical indicators in BATT Bot, you empower the bot to make smarter trading decisions based on historical data and market conditions. Proper configuration of these indicators can significantly improve the accuracy of your trading strategy, helping you achieve better trading results.

Search by posts

Categories

Recent posts

Recent Comments