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BTCUSD Relative Strength Index (RSI)

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Current signals
Indicator Ticker Timeframe Range Signal
RSI BTCUSD 1 min 30 / 70 SELL
RSI BTCUSD 5 min 30 / 70 SELL
Leaderboard

7 days top performers who follow BTCUSD-RSI

Rank User Signals count Signals success rate, % PL, pips
1 C4047AA9-BCA4-4428-957A-C798CB09B3AB superbbulkhead 1500 54.70 423908
2 A3397BFA-32D0-4E70-AB07-237B855D2973 automatedpick-up 3039 67.02 247930.5
3 899453FA-ED7E-44DF-BB97-0999EE5E044A illegitimatebirch 925 52.27 217712.5
4 A1482DAF-0425-43F6-A06A-9D9A07C5773E laborioustux 7312 65.93 210474.86
5 EC5636E2-F6D8-4923-82BC-D420174B970F thrilledtulip 1882 68.10 186213.5
6 1435C6D3-E5B2-4ABC-88F8-A67EB300A88E sumptuousstare 2677 65.06 183181.5
7 7B1EBFAB-5AE3-472E-8D3C-F56C00E1FA26 leadenwhisker 1618 63.20 172376.4
8 0FFB7A69-C71D-4412-B299-022C60A025FD stalledovum 953 68.49 145890
9 BDEC3D56-015F-4691-BCF3-B5EA0ED8E49E finishedfoursome 973 66.77 140067.09
10 6D0D3C7C-820C-47CC-8356-D39F3DFA7855 1288 68.76 134519
Last closed signals
Time open Time close Indicator Signal Open -> Close : PL
12/07/2024, 24:22:00 12/07/2024, 04:35:00 RSI 1 min 30 / 70 BTCUSD BUY 100375.000000 -> 99731.000000 : -644.00
12/06/2024, 20:49:00 12/07/2024, 24:22:00 RSI 1 min 30 / 70 BTCUSD SELL 101602.000000 -> 100375.000000 : 1227.00
12/06/2024, 01:50:00 12/06/2024, 21:45:00 RSI 5 min 30 / 70 BTCUSD BUY 98823.000000 -> 100727.000000 : 1904.00
12/06/2024, 13:32:00 12/06/2024, 20:49:00 RSI 1 min 30 / 70 BTCUSD BUY 98361.000000 -> 101602.000000 : 3241.00
12/06/2024, 12:51:00 12/06/2024, 13:32:00 RSI 1 min 30 / 70 BTCUSD SELL 97834.000000 -> 98361.000000 : -527.00
12/06/2024, 11:04:00 12/06/2024, 12:51:00 RSI 1 min 30 / 70 BTCUSD BUY 98386.000000 -> 97834.000000 : -552.00
12/06/2024, 09:09:00 12/06/2024, 11:04:00 RSI 1 min 30 / 70 BTCUSD SELL 98190.000000 -> 98386.000000 : -196.00
12/06/2024, 05:16:00 12/06/2024, 09:09:00 RSI 1 min 30 / 70 BTCUSD BUY 98179.000000 -> 98190.000000 : 11.00
12/06/2024, 02:14:00 12/06/2024, 05:16:00 RSI 1 min 30 / 70 BTCUSD SELL 97682.000000 -> 98179.000000 : -497.00
12/06/2024, 24:41:00 12/06/2024, 02:14:00 RSI 1 min 30 / 70 BTCUSD BUY 97830.000000 -> 97682.000000 : -148.00

The Relative Strength Index (RSI) is a widely used technical indicator in the field of financial analysis and trading. Developed by J. Welles Wilder in 1978, the RSI is a momentum oscillator that measures the speed and change of price movements for a financial asset. It is most commonly applied to stocks, but it can also be used for other financial instruments, such as currencies, commodities, and indices.

The RSI is calculated based on the average gain and average loss of an asset's price over a specified period, typically 14 periods. The formula for calculating the RSI involves several steps:

Calculate the daily price changes (price gains or losses) over the chosen period.

Determine the average gain and average loss for the specified period.

Calculate the relative strength (RS) by dividing the average gain by the average loss.

Compute the RSI using the RS value.

The RSI ranges from 0 to 100 and is displayed as a line chart, often plotted below the price chart of an asset. The RSI provides insights into whether an asset is overbought or oversold. An RSI value above 70 is generally considered overbought, indicating that the asset's price may be due for a pullback or correction. On the other hand, an RSI value below 30 is considered oversold, suggesting that the asset's price may be poised for a potential rebound.

Traders and analysts use the RSI to identify potential trend reversals and assess the strength of price movements. When the RSI indicates an overbought condition, it may signal a sell or short position, while an oversold condition may indicate a buy or long position. However, it is crucial to use the RSI in conjunction with other technical indicators and analysis to avoid false signals and improve the accuracy of trading decisions.

As with any technical indicator, the RSI has its limitations and should not be used in isolation. Market conditions can be dynamic, and other factors, such as news events or fundamental analysis, can influence price movements. Therefore, prudent risk management and a comprehensive trading strategy are essential when using the Relative Strength Index or any other technical tool in financial markets.