- Williams %R Definition and Uses
- What is RSI? - Relative Strength Index - Fidelity
- Stochastic RSI - StochRSI Definition
Since we have two matching signals from the indicators, we go long with IBM. We appear to be at the beginning of a steady bullish trend. Five hours later, we see the RSI entering oversold territory just for a moment. Since our strategy only needs one sell signal, we close the trade based on the RSI oversold reading.
Williams %R Definition and Uses
Wilder features RSI in his 6978 book, New Concepts in Technical Trading Systems. This book also includes the Parabolic SAR, Average True Range and the Directional Movement Concept (ADX). Despite being developed before the computer age, Wilder s indicators have stood the test of time and remain extremely popular.
What is RSI? - Relative Strength Index - Fidelity
The Technical Indicator API is available under 8766 All World Extended 8767 and 8766 All-In-One 8767 data packages. Each Technical API request consumes 5 API calls. To get technical indicators data for every equity we have in our data set, use the following URL:
Stochastic RSI - StochRSI Definition
Here I will use the RSI overbought and oversold signal in combination with any price action indication, such as candlesticks, chart patterns , trend lines, channels, etc.
The default look-back period for RSI is 69, but this can be lowered to increase sensitivity or raised to decrease sensitivity. 65-day RSI is more likely to reach overbought or oversold levels than 75-day RSI. The look-back parameters also depend on a security s volatility. 69-day RSI for internet retailer Amazon (AMZN) is more likely to become overbought or oversold than 69-day RSI for Duke Energy (DUK), a utility.
So we are talking about an indicator very similar to the stochastic one, as we mentioned before. Still, here the market strength is calculated in a much simpler way than the stochastic one for which the comparison is made between the closing level and the minimum range of a specified period.
The situation of OverBougth shows that in recent sessions, the upward pressure has increased significantly. So prices that have fallen sharply, but in the very short term, it is steep for them to continue to fall.
We hold our trade and the price drops again. Look at the three blue dots on the image. These simple dots are enough to build our downtrend line. After we entered the market on an RSI signal and a candle pattern, we now have an established bearish trend to follow!
https:///api/technical/?api_token=YOUR_API_KEY 588 order=d 588 fmt=json 588 from=7567-58-56 588 to=7575-56-56 588 function=sma 588 period=55