Say I have a 5 day 15 minute chart with an RSI setting of 10. If I am looking at a chart from January would the RSI compare the relative strength to the last 10 days in May or the previous 10 in January? Are technical indicators always measuring against the most recent data irrespective of where you are in the chart history?
I find the further I go back the less indicative it is and can't figure out why.
Submitted May 24, 2014 at 11:27AM by Banjogood http://ift.tt/1ng5W3J
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