Jump to content
  • 0

RSI technical indicator on IG markets


FatFoss

Question

Hi, I am currently working via IG markets API to implement strategies based on the RSI signal. Does IG markets have a technical indicator library? Else, how does IG markets calculate their RSI levels. Have tried a few external libraries but values do not tally. 

Or perhaps, where does IG markets stream their RSI levels from?

 

Thank You,

Link to comment

1 answer to this question

Recommended Posts

  • 0
29 minutes ago, FatFoss said:

how does IG markets calculate their RSI levels

Hi @FatFoss

Thanks for reach out.

To calculate RSI, follow this equation:

RSI = 100 – 100/(1+(average up closes/average down closes))

The RSI calculation gives a figure between 0-100. Most analysts believe that an asset at around the 70 level is in overbought territory and may be in for a correction, while an asset at or near 30 is oversold and may be in for a rally.

IG RSI Indicator

 

Hope this helps!

All the best - MongiIG

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • Launchpool should be the most common but I feel POOLx is more innovative earning product on Bitget. The idea of staking  your assets at a higher APR  to mine newly launched tokens is a good earning opportunity that i think is not common in other platform but would wish other CEXes would emulate such concept.
    • Centralized exchanges are often more popular than decentralized exchanges due to their user-friendly interfaces, ease of use, and protection against scams that can occur when interacting with various dApps on decentralized platforms. Navigating decentralized exchanges (DEXs) can be complex, which adds to the appeal of centralized alternatives. While DEXs offer several ways to earn passive income, such as staking, centralized exchanges have also introduced various opportunities for users to earn in a simpler and more straightforward manner. Some notable products that have proven efficient and beneficial for users include Launchpool, PoolX, Shark Fin, Range Sniper, Dual Investment, and others. Personally, I favor PoolX and Launchpool because they provide rewards on an hourly basis and the entry barrier is quite low for everyone to take advantage of. Shark Fin, Smart Trend, Range Sniper, and Dual Investment cater to investors with different investment goals and risk management preferences. One reason I particularly like Shark Fin is that it guarantees investors' capital while offering significant returns. All these products are available on the Bitget exchange, providing users with opportunities to earn passive income, especially in uncertain market conditions. I am interested in learning about other products you guys use to earn more crypto on centralized exchanges. Let's discuss
    • Hello IG Team @KoketsoIG Could you please provide a definitive update on the status of the TradingView integration? Many of us have been eagerly awaiting this feature for nearly two years, and it’s becoming increasingly frustrating to not have a clear timeline or concrete information. Many users have already expressed their concerns and the inconvenience of having to switch between brokers due to the lack of this integration. This delay has even caused some of us to move parts of our trading activities to other platforms that offer seamless TradingView integration. We understand that technical challenges can arise, but considering the significant time that has passed and the fact that smaller brokers have managed to implement this feature, it's perplexing why a company of IG’s stature is still unable to provide it. If there are specific technical hurdles or a projected timeline, we would appreciate transparency on these matters. The ability to trade directly from TradingView charts is a crucial feature for many of us, as it significantly enhances our trading efficiency and overall user experience. If this integration is not feasible in the near future, could you kindly inform us so we can make informed decisions about our trading strategies and platforms?  
×
×
  • Create New...
us