$ON ｜4-hour RSI (14) 75.7｜Overbought
Before looking at fund flows, understand RSI first.
In calculation, RS equals the average gain divided by the average loss, and RSI = 100 − 100 ÷ (1 + RS); the averages use Wilder smoothing, not a simple arithmetic mean.
During a one-way rise, RSI can stay above 70 for quite a while; during a sustained decline, it can also remain below 30 for a long time. Overbought or oversold conditions don’t mean an immediate reversal.
Indicators can be inaccurate, so don’t skip the stop-loss: deciding in advance what to do if your assessment is wrong is more important than guessing correctly.
The data comes from public sources; please verify it yourself.
Before looking at fund flows, understand RSI first.
In calculation, RS equals the average gain divided by the average loss, and RSI = 100 − 100 ÷ (1 + RS); the averages use Wilder smoothing, not a simple arithmetic mean.
During a one-way rise, RSI can stay above 70 for quite a while; during a sustained decline, it can also remain below 30 for a long time. Overbought or oversold conditions don’t mean an immediate reversal.
Indicators can be inaccurate, so don’t skip the stop-loss: deciding in advance what to do if your assessment is wrong is more important than guessing correctly.
The data comes from public sources; please verify it yourself.