RSI (Relative Strength Index) is a popular technical analysis indicator used by traders to measure the strength of a security's price action. RSI is
typically calculated over a 14-day period, and it is based on the ratio of upward price movements to downward price movements over that period.!
To set up RSI on a trading platform, you would typically need to select the RSI indicator from your list of available indicators. Then, you would need to set the period to 14 days (the default setting for RSI). You can also adjust the overbought and oversold levels, which are typically set to 70
and 30, respectively. When the RSI value is above 70, the security is considered overbought, and when it is below 30, it is considered oversold.
It's important to keep in mind that RSI is just one tool among many that traders use to analyze price action, and it should not be relied upon in isolation. It's always a good idea to use multiple indicators and to consider other factors, such as news and market sentiment, when making trading decisions.
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