简体中文
ภาษาไทย
繁體中文
Indonesia
What is the biggest role of RSI metrics?
2023-08-03
896
What is the biggest role of RSI metrics? RSI index is also called relative strength index, its biggest role is to show the current oversold and overbought situation in the market, and can also expect the price of the variety to peak soft or bottom up.
However, note: the RSI index can only be used as a warning signal, which does not mean that the current market trend is bound to develop in this direction, especially when the market is violently volatile, the accuracy of its judgment will decline, then investors need to refer to other indicators comprehensive analysis in order to reach a more correct judgment.
What is the general value of the RSI indicator?
RSI index values are between 0 and 100, if the RSI index remains above 50, it is a strong market, and if it is below 50, it is a weak market, but in general, the value of RSI index fluctuates between 70 and 30.
When the RSI index is between 70 and 30, the market is stable. If it reaches 80 or even 90, it is overbought, and if it falls below 30, it is considered oversold.
The above is a small series of RSI indicators of some understanding, I hope to help you. The above information is for reference only.
The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.
CM Trade
As a world leading financial trading platform, CMtrade Provides comprehensive one-stop trading services and opportunities for traders.
[Products]
The platform provides over 32 kinds of popular financial products such as forex, precious metals, crude oil, indices, cryptocurrencies and more.
[System]
2 top trading systems CM Trade MT4 / CM Trade APP, powerful and easy to operate
[Service]
Comprehensive market news, professional market analysis, 7*24 hours online customer service
[Advantage]
Low cost, high leverage, flexible one-stop all day two-way trading.
[Authority]
Licensed and strictly regulated by authorities. Traders deposits are independently kept by the bank. Fast deposit and withdrawal. Fair, efficient and transparent trading environment.
Follow us to learn more
CM Trade Mobile Application
Economics Calendar
MoreYou May Also Like
