Dynamic Zone RSI
Dynamic Zone RSI Interpretation:
If the Dynamic Zone RSI is higher than the limit of the upper level, the value is considered overbought and the price is likely to decrease. On the other hand, if the Dynamic Zone RSI is lower than the limit of the lower level, the value is considered oversold and the price is likely to increase.
A bullish signal is generated when the the indicator crosses over the limit of the lower level. A bearish signal is generated when the indicator crosses under the limit of the upper level.
Dynamic Zone RSI Calculation:
This indicator is an oscillator from 0 to 100 that indicates zones where the security is considered to be overbought or oversold. Unlike the classic RSI, the levels limiting the zones where the security is considered overbought or oversold are dynamic rather than fixed. The dynamic zones adjust depending on the market conditions.
Return from Dynamic Zone RSI to Using Indicators