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clock Created with Sketch. 22/04/24
21:40
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Originally posted by wednesdayschild:
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Hope y'all do not mind as I have some questions not so much on the charts you post but rather the strength of the indicators that lie within. Having closely followed many of the charting posts here over the last couple of years together with some of the accompanying commentary I am reasonably comfortable with the concept of EMAs as share price movement indicators. I am however not very confident with RSIs and particularly their limitations as indicators from an analytical perspective which may be causing me to overcomplicate things. Hoping I have correctly interpreted RSIs role as a predictive tool to assist to in identifying oversold and undersold positions I am looking to overlap RSI charts with volume data so as to identify existence of a possible RSI-Volume-Liquidity relationship. I appreciate in advance any thoughts on offer particularly about volume and liquidity weighted averages and whether or not I might have misinterpreted the function of RSI. Thankyou.
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Just trust the lines.
(20min delay)