$KGEN 4-hour RSI is at 79.5, entering overbought territory.
Let's use this figure to talk about RSI.
When Wilder originally designed RSI, it was for the futures market. Today, virtually all charting software has it built in.
Extreme readings on longer timeframes generally carry more weight than those on shorter timeframes. The 4-hour timeframe produces more readings, and more false signals too.
Confirmation from multiple data points is more reliable than looking at just one, but no matter how many signals you have, they still can't give you a definitive answer.
#KGEN
Let's use this figure to talk about RSI.
When Wilder originally designed RSI, it was for the futures market. Today, virtually all charting software has it built in.
Extreme readings on longer timeframes generally carry more weight than those on shorter timeframes. The 4-hour timeframe produces more readings, and more false signals too.
Confirmation from multiple data points is more reliable than looking at just one, but no matter how many signals you have, they still can't give you a definitive answer.
#KGEN
