RSI

Description

The Relative Strength Index (RSI) is a popular momentum oscillator used in technical analysis to assess the magnitude and speed of price movements. RSI is typically applied to identify overbought or oversold conditions in a financial instrument, helping traders gauge potential trend reversals. The metric is calculated using the average gains and losses over a specified period, often 14 days, and is expressed as a numerical value between 0 and 100.

A reading above 70 on the RSI suggests that an asset may be overbought, indicating a potential reversal or correction, while a reading below 30 suggests oversold conditions, signaling a possible upward price movement. Traders commonly use RSI in conjunction with other technical indicators to make informed decisions about entering or exiting positions in financial markets.

RSI metric is available for 3 different time periods

  • rsi_4h - RSI for a 4-hour time frame
  • rsi_1d - RSI for a 1-day time frame
  • rsi_7d - RSI for a 7-day time frame

Note: Even though metrics are available for 5-minute intervals, the recommendation is to use them within their designated time frame. For instance, consider using a 1-day interval for rsi_1d.


Access

Restricted Access


Measuring Unit

Numerical value between 0 and 100


Data Type

Timeseries Data


Frequency

Five-minute Intervals


Latency

Price Latency


Available Assets

Available for these assets

Note: All metrics are available for the same set of assets


SanAPI

Available under names: rsi_4h, rsi_1d and rsi_7d

{
getMetric(metric: "rsi_1d"){
timeseriesDataJson(
slug: "bitcoin"
from: "2023-11-01T00:00:00Z"
to: "2023-12-01T00:00:00Z"
interval: "1d")
}
}