$SIREN Daily RSI is 80.4, in overbought territory, with the current price at 0.03288.
A beginner’s burning question: What exactly does RSI calculate?
In mathematical terms, RS = average gain divided by average loss, and RSI = 100 − 100 ÷ (1 + RS). The averages use Wilder’s smoothing method, not a simple arithmetic mean.
“Divergence” is a commonly discussed use of RSI: when the price makes a new high but RSI does not, it is often seen as a sign that upward momentum is weakening. But divergence can persist for a long time.
With leveraged trading, first work out whether you can withstand the worst-case scenario, then consider what the signals are saying.
Just a casual note; make your own trading decisions.
A beginner’s burning question: What exactly does RSI calculate?
In mathematical terms, RS = average gain divided by average loss, and RSI = 100 − 100 ÷ (1 + RS). The averages use Wilder’s smoothing method, not a simple arithmetic mean.
“Divergence” is a commonly discussed use of RSI: when the price makes a new high but RSI does not, it is often seen as a sign that upward momentum is weakening. But divergence can persist for a long time.
With leveraged trading, first work out whether you can withstand the worst-case scenario, then consider what the signals are saying.
Just a casual note; make your own trading decisions.