when trading platforms calculate rsi do they calculate the close or the range of the whole day?
calculating rsi
- Thread starter happy trading
- Start date
Google is your friend.
https://school.stockcharts.com/doku.php?id=technical_indicators:relative_strength_index_rsi
It may be fine knowing about indicators, how they work, different types etc but if you use them as signal indicators, your results will be about 50/50.
The reason is, indicators have no predictive magical abilities.
You can attempt to experiment with them until the cows come home, you will go round and round the paddock.
Reason: No charts follow predetermined routes.
No instrument is bound by laws or indicators which dictate what will happen next.
You can look at charts and see correlations, they are optical illusions/delusions.
Calculated and graphed real-time.
Actually, there are a lot of analysis tools on the market today that really deserve attention. And it's really good that you can choose among different things now, the main thing is that it suits you really well.
On the other hand, this indicator (as it seems to me) is quite easy to process and use, even if you work with standard settings... But it is not just included in many classic and modern strategies, it can really be used when analyzing different assets and it is really not difficult.
So, I would gladly advise it to those who are just interested in the market, because it is one of the universal things.
On the other hand, this indicator (as it seems to me) is quite easy to process and use, even if you work with standard settings... But it is not just included in many classic and modern strategies, it can really be used when analyzing different assets and it is really not difficult.
So, I would gladly advise it to those who are just interested in the market, because it is one of the universal things.