we will add a new model (RelativeStrengthIndex) under of a new app named "indicators". RSI model will have a deciding coefficient. we will test the entire algorithm and according to success rate we will decide which level of deciding coefficient is the best. but while RSI is a strong indicator, the coefficient of RSI will be a little bit higher than other indicators.
we will add a new model (RelativeStrengthIndex) under of a new app named "indicators". RSI model will have a deciding coefficient. we will test the entire algorithm and according to success rate we will decide which level of deciding coefficient is the best. but while RSI is a strong indicator, the coefficient of RSI will be a little bit higher than other indicators.
system will calculate RSI and save to RSI model.
Calculation of RSI
this needs more details, I will update the issue when I got more information, currently I'm on search phase of this indicator
And a basic explanation of RSI:
There are two limit in RSI, one of them may 20 or 30 , other one may 70 or 80
If RSI exceeds 20 or 30, It basically means "oversold" in other words "you may consider to buy"
If RSI exceeds 70 or 80, It basically means "overbought" in other words "you may consider to sell"
But looking only RSI indicator is not a good approach. We need to look and evaluate volume & bollinger bands indicators.