Technical Note｜$BAT ｜Daily RSI(14) 82.2｜Overbought
First, a definition: Wilder originally designed the RSI for commodity markets. These days, it’s built into pretty much every charting tool.
How to read it: Overbought and oversold readings on the daily chart usually carry more weight than those on shorter timeframes. Signals on the 4-hour chart occur more often, and so do false signals.
Don’t change your usual approach because of a single indicator, and don’t use borrowed money to test a reading.
#BAT
Just jotting this down. Make your own trading decisions.
First, a definition: Wilder originally designed the RSI for commodity markets. These days, it’s built into pretty much every charting tool.
How to read it: Overbought and oversold readings on the daily chart usually carry more weight than those on shorter timeframes. Signals on the 4-hour chart occur more often, and so do false signals.
Don’t change your usual approach because of a single indicator, and don’t use borrowed money to test a reading.
#BAT
Just jotting this down. Make your own trading decisions.