$LYN 4-hour RSI is 84.1, entering overbought territory.
Let’s talk about what’s behind this number.
RSI (Relative Strength Index) was developed by Welles Wilder. It’s calculated using the average gains and average losses over the most recent 14 candlesticks, and ranges from 0 to 100.
Learning to read indicators isn’t hard. The hard part is sticking to your plan when the market gets exciting.