$PIEVERSE daily RSI is 76.1, entering overbought territory, with the current price at 1.8582.
A beginner’s genuine question: How do you read RSI?
In terms of the calculation, RS equals average gains divided by average losses, and RSI = 100 − 100 ÷ (1 + RS). The averages use Wilder smoothing, not a simple arithmetic average.
Many people pay more attention to when RSI leaves overbought or oversold territory—for example, when it falls back below 70 after rising above it—rather than trading against the move as soon as it enters the zone.
Don’t change your plan based solely on a single indicator, and never gamble on a hunch with borrowed money.
A beginner’s genuine question: How do you read RSI?
In terms of the calculation, RS equals average gains divided by average losses, and RSI = 100 − 100 ÷ (1 + RS). The averages use Wilder smoothing, not a simple arithmetic average.
Many people pay more attention to when RSI leaves overbought or oversold territory—for example, when it falls back below 70 after rising above it—rather than trading against the move as soon as it enters the zone.
Don’t change your plan based solely on a single indicator, and never gamble on a hunch with borrowed money.
