Indicator Notes | $IRYS | Daily RSI(14) 78.6 | Overbought
Definition: RSI(14) means 14 candlesticks. On a 4-hour chart, that covers just over two days (56 hours); on a daily chart, it covers exactly two weeks.
How to read it: RSI tends to work better in range-bound markets, but in one-way trends it often signals a reversal too early.
With leveraged trading, first work out whether you can withstand the worst-case scenario, then consider what the indicators are saying.
Definition: RSI(14) means 14 candlesticks. On a 4-hour chart, that covers just over two days (56 hours); on a daily chart, it covers exactly two weeks.
How to read it: RSI tends to work better in range-bound markets, but in one-way trends it often signals a reversal too early.
With leveraged trading, first work out whether you can withstand the worst-case scenario, then consider what the indicators are saying.