$IN Daily RSI is 78.8, entering overbought territory.
Hey everyone, what exactly does RSI calculate? Here's the short version 👇
RSI (Relative Strength Index) was developed by Welles Wilder. It is calculated using the average gains and average losses over the most recent 14 candlesticks, and ranges from 0 to 100.
RSI tends to be more effective in sideways markets, while in a strong one-way trend it can signal a reversal too early.
Don't place an order at the most volatile moment. Wait for the price action to play out before deciding.
Hey everyone, what exactly does RSI calculate? Here's the short version 👇
RSI (Relative Strength Index) was developed by Welles Wilder. It is calculated using the average gains and average losses over the most recent 14 candlesticks, and ranges from 0 to 100.
RSI tends to be more effective in sideways markets, while in a strong one-way trend it can signal a reversal too early.
Don't place an order at the most volatile moment. Wait for the price action to play out before deciding.