101526482
SnowF
:
Relative Strength Index based on volume bought and sold. It could be setup according to how many days of transactions you want to analyse. But it is just for reference. Said like DBS whereby this uptrend is cause by inflow of overseas fund, then this RSI will not tell you the true trend. Because demand has pushed up by sudden external factor
JOMATE : Just added in a bit.
103917588 : RSI near 50 is around what price?
101526482 103917588 : It means trending down due to overbought. Price dun know yet
Yolokid OP 103917588 : Dont know. Rsi go down when price action sideway or go down.
Maniac Fool : Forming a tombstone now…
Maniac Fool Yolokid OP : RSI goes down when being sold down lah…
SnowF : sorry what is RSI
101526482 SnowF : Relative Strength Index based on volume bought and sold. It could be setup according to how many days of transactions you want to analyse. But it is just for reference. Said like DBS whereby this uptrend is cause by inflow of overseas fund, then this RSI will not tell you the true trend. Because demand has pushed up by sudden external factor
SnowF : well noted. thank you so much