🔢 Quick data overview: $FIL ｜Daily RSI(14) 23.7｜Oversold
· Definition: RSI (Relative Strength Index) was developed by Welles Wilder. It is calculated using the average gains and average losses over the most recent 14 candlesticks, and ranges from 0 to 100.
· How to read it: Many people pay more attention to RSI moving out of overbought or oversold territory—for example, falling from above 70 to below 70—rather than trading against the trend as soon as it enters that territory.
Sizing your order based on the stop-loss distance is much more reliable than choosing a position size by gut feel.
#FIL
· Definition: RSI (Relative Strength Index) was developed by Welles Wilder. It is calculated using the average gains and average losses over the most recent 14 candlesticks, and ranges from 0 to 100.
· How to read it: Many people pay more attention to RSI moving out of overbought or oversold territory—for example, falling from above 70 to below 70—rather than trading against the trend as soon as it enters that territory.
Sizing your order based on the stop-loss distance is much more reliable than choosing a position size by gut feel.
#FIL