The Relative Strength Index (RSI) is like a fitness tracker for the underlying time series. It measures how overbought or oversold an asset is, which is kinda like saying how tired or energized it is.
When the RSI goes too high, it suggests the asset might be tired and due for a rest, so it could be a sign it's gonna drop. On the flip side, when the RSI goes too...
The values used by this indicator are equal to RSI 14. Only changes are made to looks:
If RSI is above 50%, then we are seeing green. Else, we are seeing red.
Another point is that depending on whether the RSI increases or decreases, we get two different color tones.
