Relative Strength Index
The technical indicator RSI (Relative Strength Index) is one of the most popular among traders. It refers to the family of oscillators and was developed by J. Welles Wilder.
RSI is an indicator that has one line and serves to determine the strength of the current trend, as well as possible points of its reversal. RSI compares the absolute value of the growth of the price for a certain period of time with the level of its fall over the same period, the result of the calculations is displayed as a curve on a chart with a range of values from 0 to 100%.
RSI parameters customization
Having developed RSI, J.Wilder recommended using the value 14 as the time period for the calculation. The period can be changed depending on the activity of the market. It should be borne in mind that in the active market the curve of the indicator graph often crosses the levels of 30 and 70%, with most of the intersections being not signals but noise. In this case, to filter out false signals, the period can be increased, for example, to 21. The time period should be shortened if the market, on the contrary, is calm and the indicator signals appear rarely, being simply inefficient. In such situations, for example, you can reduce the length of the period to 7. 9 and 25 RSI are widely distributed also.
If the market is a long time in the region of high RSI values (between 70 and 100), then it is considered overbought. If the market is a long time in the region of low RSI values (between 0 and 30), then it is considered oversold. In both situations, reversal is quite likely.
Between levels 30 and 70 there is a central zone. To consider the possibility of entry-exit into transactions should not be when the indicator enters the oversold or overbought zones, but when it comes out of them. This factor is explained by the fact that in the case when the indicator enters, for example, in the overbought area, it means that there are a lot of purchases on the market, and accordingly sales will begin in the near future since all who could buy already have bought. The signal appears when the indicator pierces the level 80 from the top down - this is a signal to sell. And, on the contrary, for oversold, only in this case RSI breaks already level 20 from below upwards.
So, simple RSI signals:
- the signal to sell is when price come out from overbought zone
- the signal to buy is when price come out from oversold zone
By divergence we mean two cases:
- RSI is growing, and the price is falling or is on the same level
- RSI is falling, and the price is rising or isn't moving
The discrepancy, in this case, is a strong reversal indicator. And although it does not occur at every turn, it is often met in especially serious turning points. The discrepancy between the RSI curve and the price movement curve with index values above 70 or below 30 is a serious signal, which should not be neglected.
During this ALL NEW LIVE webinar you’ll get answers to questions like:
“How to follow the SHARP and SMART Money to make $34,812 this summer? ”
“New Insider tools to see where big whales are moving their funds?”
“Automated sports betting picks – do they work?”
“What if I was Scammed before? Can I succeed in betting? Is it VERIFIED?”
“What if I lost money on betting before? Why would this WORK?”
“Do I need any special knowledge to succeed with this?”
“How will I generate 34,812 USD profit even if I have no experience on sports and what exactly to do?”
“LIVE Demonstration of the system in WORK (Undeniable proof)”
“Why this system is a guaranteed winner (PROOF!)”
“How to stop missing winning signals and which bookies are most profitable?”
“Best systems to follow this year and tracked results (Cant be faked!) ”
“Zcode CASH contest – how to win awesome prizes with no risk?”
…and any other question you might have.
all you need to know today about crypto
📆WEEKLY CRYPTO NEWS UPDATE: 06 JUN 2019
📌CRYPTO - EVENTS FOR TODAY
🕵️♂️ General Event (CRYPTO) Lisk (LSK) XRP (XRP) - Aeternity (AE) and 3 others
🕵️♂️ EOS (EOS) - UOS Airdrop Ends
🕵️♂️ General Event (CRYPTO) and 2 others - DLT Compass Singapore
🕵️♂️ Insolar (INS) - Bithumb Global Listing
🕵️♂️ OKB (OKB) - OKEx Talks 2019 Tallinn
🌍GLOBAL NEWS & INSIDER INFO🤫
🕵️♂️ Ripple Launches New Office in Zurich to Attract Institutional Buyers for XRP
🕵️♂️ Microsoft announces VeriSol: Ethereum smart contract verification
🕵️♂️ European Central Bank Considers Bitcoin, Ripple, ETH, & BCH the Most Important In Terms of Usage
🕵️♂️ Apple to Unveil ‘CryptoKit’ Cryptographic Developer Package at Upcoming Conference⚡️⚡️
🕵️♂️ Apple Embraces Bitcoin – Adds ฿ Symbol to Its Icon Set
🕵️♂️ Ripple-Backed Startup to Launch Banking App Based on XRP Ledger
🕵️♂️ Justin Sun just squandered another $4.6 million on lunch with Warren Buffett
🕵️♂️ Big Banks Announce Fiat-Pegged ‘XRP Killer’ Crypto For Settlements
🕵️♂️ Oracle of Bitcoin Calls BTC Movement Aggressive, Predicts $10K Price Soon
🕵️♂️ Craig Wright accuses Binance and Tether of funding prostitution and slavery
🕵️♂️ New Bitcoin Improvement Proposal Could Reduce Transaction Bandwidth By 75%
🕵️♂️ Binance Launches Margin Trading, CoinBase Says It Is Considering It
🕵️♂️ The Ripple Effect: XRP Payments Coming to Stores Via Banking Giant, SBI
🕵️♂️ Block.one Launches Social Media App as Facebook Preps Own Coin
🕵️♂️ Tether Stablecoin Now Available on EOS Blockchain
🕵️♂️ A Billionaire Wants to Buy 25 Percent of All Bitcoin Currently Available
🕵️♂️ Coinbase Makes Surprise EOS Listing
🕵️♂️ TRON Reveals New BitTorrent File System
🕵️♂️ Calvin Ayre on Bloomberg: Bitcoin SV will absorb all the other cryptos😮
🕵️♂️ Confirmed: Ripple-Backed Crypto Startup Building XRP-Based Banking App
🕵️♂️ Coinstar Expands to 2,200 Locations After ‘Overwhelming’ Bitcoin Demand
🏆 Looking for A+ winning signals by our master trader Alberto? Apply for the Elite club here http://cryptocoinrankings.com/elite
🤝 Share the insider news and help out your crypto friends navigate the markets!
This weekend is going to be really profitable!
Not one but TWO epic cash contests are LIVE
1. Zcodemeter - we have a new round, $200 for grabs, first to 15 wins takes the cash! 🏆🏆🏆
2. MLB KING Cash contest round 5 is LIVE
Everyone is in!
🏆 Signal VIA/BTC
📥 Entry limit: buy around 0.0000720
⛔️ StopLoss: 0.0000610
⭐️ Rating 3/5
⚡️ Profit goals: Short term: 0.0000860 Long-term: 0.0000890
- Immense update to Viacoin Core: Full Segwit Wallet
- Viacoin is now supported by Trust Wallet
💰 What is Viacoin (VIA)?
Viacoin (VIA) is a cryptocurrency. Users are able to generate VIA through the process of mining. Viacoin has a current supply of 23,144,686 VIA.