Indicator Notes｜$PAXG ｜4-hour RSI(14) 23.9｜Oversold
Definition: Wilder originally designed the RSI for commodity markets. Today, pretty much every charting tool includes it.
How I read it: I generally use the RSI as a cue for overheated or oversold sentiment, looking at it alongside key price levels and volume. I never make decisions based on it alone.
Learning to read indicators is easy; the hard part is still following the rules when emotions are running high.
Definition: Wilder originally designed the RSI for commodity markets. Today, pretty much every charting tool includes it.
How I read it: I generally use the RSI as a cue for overheated or oversold sentiment, looking at it alongside key price levels and volume. I never make decisions based on it alone.
Learning to read indicators is easy; the hard part is still following the rules when emotions are running high.
