Indicator Notes｜$NEAR ｜4-hour RSI(14) 24.9｜Oversold
Definition: Formulaically, RS = average gain ÷ average loss, and RSI = 100 − 100 ÷ (1 + RS); the averages use Wilder smoothing, not a simple arithmetic mean.
How to read it: RSI is calculated from historical prices and reflects the rhythm of past gains and losses. It cannot tell us what will happen next.
All data describes past market movements, and prices can absolutely move in the opposite direction.
Definition: Formulaically, RS = average gain ÷ average loss, and RSI = 100 − 100 ÷ (1 + RS); the averages use Wilder smoothing, not a simple arithmetic mean.
How to read it: RSI is calculated from historical prices and reflects the rhythm of past gains and losses. It cannot tell us what will happen next.
All data describes past market movements, and prices can absolutely move in the opposite direction.
