Indicator Notes｜$UNI ｜4-hour RSI(14) 24.7｜Oversold
Definition: Simply put, RSI measures the proportion of the total price movement over a given period that comes from upward moves: the more and stronger the rises, the closer RSI gets to 100.
How to read it: RSI is often fairly effective in sideways markets, but in trending markets it often signals a reversal too early.
All data summarizes past market movements; the market can always move in the opposite direction.
#UNI
Definition: Simply put, RSI measures the proportion of the total price movement over a given period that comes from upward moves: the more and stronger the rises, the closer RSI gets to 100.
How to read it: RSI is often fairly effective in sideways markets, but in trending markets it often signals a reversal too early.
All data summarizes past market movements; the market can always move in the opposite direction.
#UNI