Indicator Notes｜$GTC ｜Daily RSI(14) 75.1｜Overbought
First, the definition: RSI 50 is often treated as the dividing line between strength and weakness. Staying above 50 indicates that buying pressure is dominant; below 50, the opposite is true.
A common way to read it: RSI is usually more effective in range-bound markets, while in a one-way trend it often gives reversal signals too early.
Learning to read indicators isn’t difficult. The hard part is sticking to the rules when emotions are at their most extreme.
#GTC
First, the definition: RSI 50 is often treated as the dividing line between strength and weakness. Staying above 50 indicates that buying pressure is dominant; below 50, the opposite is true.
A common way to read it: RSI is usually more effective in range-bound markets, while in a one-way trend it often gives reversal signals too early.
Learning to read indicators isn’t difficult. The hard part is sticking to the rules when emotions are at their most extreme.
#GTC