Indicator Notes｜$SIREN ｜4-hour RSI(14) 76.2｜Overbought
Definition: RSI(14) uses 14 candlesticks. On a 4-hour chart, that covers a little over two days (56 hours); on a daily chart, it covers two weeks.
Common interpretation: RSI tends to be more effective in sideways markets, while in trending markets it often signals a reversal too early.
The point of understanding this indicator is to be less alarmed by a single number, not to use it to predict price movements precisely.
#SIREN
Definition: RSI(14) uses 14 candlesticks. On a 4-hour chart, that covers a little over two days (56 hours); on a daily chart, it covers two weeks.
Common interpretation: RSI tends to be more effective in sideways markets, while in trending markets it often signals a reversal too early.
The point of understanding this indicator is to be less alarmed by a single number, not to use it to predict price movements precisely.
#SIREN