$ELSA Daily RSI is 78.3, entering overbought territory.
A beginner’s burning question: What exactly does RSI calculate?
When Wilder first introduced RSI, he used futures market data. Today, nearly every charting tool has this indicator built in.
Many people care more about when RSI exits overbought or oversold territory—for example, when it falls back below 70 after rising above it—rather than taking the opposite position as soon as it enters the zone.
Calculating position size based on the stop-loss distance is much more reliable than picking a size by guesswork.
#ELSA
These could be wrong too, so don’t blindly follow them.
A beginner’s burning question: What exactly does RSI calculate?
When Wilder first introduced RSI, he used futures market data. Today, nearly every charting tool has this indicator built in.
Many people care more about when RSI exits overbought or oversold territory—for example, when it falls back below 70 after rising above it—rather than taking the opposite position as soon as it enters the zone.
Calculating position size based on the stop-loss distance is much more reliable than picking a size by guesswork.
#ELSA
These could be wrong too, so don’t blindly follow them.