🚨 The daily RSI for $S has surged to 76.9🔥
Don’t get carried away—understand RSI before you act👇
In terms of calculation, RS equals the average gain ÷ the average loss, and RSI = 100 − 100 ÷ (1 + RS). The averages use Wilder’s smoothing, not a simple arithmetic mean.
Overbought and oversold signals generally carry more weight on longer timeframes than on the 4-hour chart. Shorter timeframes produce signals more frequently, but they also have more noise.
The same data can mean very different things in different market conditions, so don’t blindly apply any single rule of thumb.
#S
Don’t get carried away—understand RSI before you act👇
In terms of calculation, RS equals the average gain ÷ the average loss, and RSI = 100 − 100 ÷ (1 + RS). The averages use Wilder’s smoothing, not a simple arithmetic mean.
Overbought and oversold signals generally carry more weight on longer timeframes than on the 4-hour chart. Shorter timeframes produce signals more frequently, but they also have more noise.
The same data can mean very different things in different market conditions, so don’t blindly apply any single rule of thumb.
#S