Description
RSI Indicator Training
RSI indicator
The RSI, which stands for Relative Strength Index , is calculated with complex mathematical relations, which are beyond the scope of this discussion. RSI settings also generally use the 24-day setting. This indicator, like MACD, is classified as an oscillator because it always fluctuates between two levels, ٠ and..
RSI applications:
– As mentioned, this indicator fluctuates between two levels ٠ and.. In the meantime, the two key levels ٣٠ and . Are called sales saturation and purchase saturation , respectively. This means that whenever the RSI value falls below عد, it means that we are witnessing extreme sales in the market, and therefore there is a possibility of reducing sales pressure and rising prices. Conversely, the RSI’s upward level به means that the market is making extreme purchases , which may eventually end at any moment and see a drop in prices.
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For example, look at the figure below, which shows the price chart of Bahonar copper stocks . As we can see, in the points represented by the vertical lines , we have seen the RSI enter the areas of saturation or saturation of sales, which are considered as a sign of a change in the direction of the price . For example, at the point marked with a red arrow , the RSI has dropped to less than که, which means extreme sales, and after a while we have seen a decrease in selling pressure and a rise in the share price. And at the next point with the green arrow The color is displayed. We have seen an increase in RSI to more than 3, which means extreme buying, and after a while we have seen a decrease in buying pressure and a drop in price.
The point to note about the RSI is that the RSI may leave the saturated areas, without falling or rising in price, and only with price fluctuations. To clarify the issue, if we look again at the Fabahner price chart, we see that RSI has entered the saturation zone in the area marked with a red line , but after a while, without a significant drop in price, only with the RSI price fluctuating. Out of the shopping saturation zone. So always keep in mind that the use of indicators alone can in some cases cause errors in decisions and must be used in conjunction with other tools.
Another interesting application of RSI is to use trend lines with this indicator.
In other words, in the same way that we use trend lines for price, we can use the same lines for RSI in the same way. For example, look at the chart below, which is related to Fabahner’s share :
As can be seen in the rising trend line on the RSI plotted how we Nmayym.mshahdh after the downward trend line was broken, as witnessed falling prices have been following the vertical line. Note the
following figure, which is related to Khapars share chart :
You can see how the stock price started to rise after breaking a downtrend line on the RSI indicator .
Another point about each indicator that we mentioned above is to use another tool alongside an indicator to reduce the amount of errors. For example, instead of using each of the RSI or MACD indicators alone, the two indicators can be used together at the same time so that these tools can cover each other’s errors.
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