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malmanu

16,494 Posts.

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08/02/17

00:20

Post #: 22442147
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Originally posted by HereToLearn ↑

@malmanu - the rsi is one of many types of technical indicators. Its to be used with a pinch of salt and then some. What is the 'Relative Strength Index - RSI'

@Funkyroski - i have only used RSI14 - as its the textbook method on investopedia. Shorter periods increases the sensitivity apparently - so i guess longer periods may make it prone to under sensitivity - however there are probably situations where these settings maybe more beneficial. I'm still learning that. And as far as being here to teach - nah i'm a novice, just post to get feedback, get additional input and learn.

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I Have the RSI and whilst its under 50 and oscillating the price will be going in a downtrend and similarly when its above 50 and oscillating its in an uptrend. Currently ORE is well under 50 at 37 , last time when price had fallen from $5 to $3 the RSI was at 30 at $3 which is the oversold level indicator. Let's see if the RSI gets back over 50 or oscillates its way down to 30

ORE Price at posting: $3.92 Sentiment: None Disclosure: Not Held
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