Signal Mode

Signal Mode lets the Market Maker bot quote around your native exchange mid price, adjusted by a by the Relative Strenght Index (RSI) technical indicator from a reference market. Limit prices move with the indicator so you can lean against overbought/oversold conditions while still providing liquidity.

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Overview

In Signal Mode, the bot still posts limit orders on the pair and exchange you chose, but the level of those orders is shifted by the current RSI (Relative Strength Index) of a selected signal pair. The signal pair is in the form Pair@Exchange (e.g. BTC:PERP-USDT@Binance or BTC:PERP-USDT@Hyperliquid). RSI can come from a different exchange than the one you are trading on.

• RSI > 50 (overbought): prices are shifted down → more aggressive sells, more passive buys.

• RSI < 50 (oversold): prices are shifted up → more aggressive buys, more passive sells.

• RSI = 50 (neutral): no RSI shift; behaviour is like Mid Price with your chosen spread only.

So you are still market making on your exchange, but your quotes are tilted by the indicator to fade short-term extremes.

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How It Works

1. Choose Signal Mode in the Reference Price selector (alongside Mid, Grid, Reverse Grid, Blend).

2. Pick a signal from the dropdown. The list shows only signal pairs that match the base asset of your trading pair (e.g. if you trade ETH:PERP-USDT, you see signals like ETH:PERP-USDT@Binance, ETH-USDT@OKX). Each option is labeled like “BTC:PERP-USDT · RSI” and is tied to a specific exchange’s RSI feed.

3. Set the spread (see below). The bot then sets limit prices as: native mid price × RSI adjustment × spread multiplier.

The RSI adjustment is:

• Formula: (1 - (RSI - 50) / 10000) So:

  • RSI = 50 → factor 1 (no shift).

  • RSI = 70 → factor 0.998 (prices down 20 bps).

  • RSI = 30 → factor 1.002 (prices up 20 bps).

• The divisor 10000 gives a maximum ±50 bps shift when RSI is at 0 or 100. Between 30 and 70, the shift is ±20 bps.

Both buy and sell limits use the same RSI factor (prices move in one direction), and your normal spread (buy below mid, sell above mid) is applied on top of that.

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Availability

• Availability: If no signals exist for your pair’s base asset, Signal Mode is disabled for that pair; you must select an account and a pair first, and only pairs with at least one matching signal show the Signal option.

• Exchanges: RSI is supported for a fixed set of venues (e.g. Binance, Bybit, OKX, Bitget, Gate, and Hyperliquid)

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Spread in Signal Mode

• Range: 3 bps to 20 bps (no negative spread in the UI).

• Marks: 3, 5, 10, 15, 20 bps.

• The spread is applied symmetrically around the RSI-adjusted mid: buy limit = adjusted mid × (1 − spread), sell limit = adjusted mid × (1 + spread), with spread in decimal (e.g. 10 bps = 0.001).

So Signal Mode combines:

• RSI tilt: ±50 bps max (from the formula above).

• Your spread: 3–20 bps for margin and fill control.

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Pros and Cons

Pros

• Quotes adapt to RSI in real time without changing the reference price mode.

• Keeps liquidity provision on your chosen exchange; only the level is signal-driven.

• Simple rule: high RSI → lower quotes, low RSI → higher quotes.

• Works with the same risk controls (e.g. Stop Loss, optional Take Profit) as other Market Maker modes.

Cons

• Depends on signal availability: If the RSI feed has no data for your pair/exchange, the limit price expression can evaluate to “not available” and the bot may not place or update orders until data exists.

• Signal is from a reference market (possibly another exchange); it may lag or diverge from the exchange you trade on.

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Relation to Other Modes

• Mid Price: No RSI; quotes are purely mid ± spread. Signal = Mid + RSI adjustment.

• Grid / Reverse Grid: Anchor is your own fills (exec / exposure price), not RSI. Different use case (mean reversion vs. indicator tilt).

• Blend: Blends prices (native mid vs. reference exchange price). Signal blends native mid with an indicator value (RSI) to shift levels; no second exchange price in the formula.