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?

I have emailed numerous number of times but none from the IG technical team seems to have gotten back. I wouldnt think this is such a difficult question. Would help if someone out there knows. Much appreciated

 

Thank You

Link to comment

2 answers to this question

Recommended Posts

  • 0
30 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

    • It is a consensus that Web3 wallets offer users whole control over their assets, ensure protection against unauthorized access, deliver seamless access to the growing world of blockchain services and more. However one quality that many participants are yet to tap fully is the earning opportunities they unlock. So in my exploration to access those juicy opportunities, I’ve discovered quite a few on Bitget wallet. Earned good rewards from the previous ZETA airdrop, and now in line with offering an unparalleled rewarding trading experience in Web3, Bitget Wallet has launched a massive airdrop for its ecosystem token BWB. Scheduled to last from March 18 to April 28, participants are invited to download Bitget Wallet app on their devices and claim BWB by participating in events through the app—the more tasks completed, the more points you gain. I just think that considering that 164m BWB points have already been issued over the period of 5 weeks, with one more week to go, no better time to hop on this opportunity than now especially with a welcome bonus of 50 $BWB points up for grabs!
    • this sounds like an amazing opportunity for users in the crypto world. It's important to approach futures trading competitions with caution, ensuring one's financial stability and a comprehensive understanding of the market. While the prizes are enticing, responsible trading remains the ultimate goal. Thanks for sharing such an intriguing event, I’ll definitely be taking a look at it ! 
    • As a newbie crypto trader, I dove headfirst into the world of futures trading on Bitget. Feeling overwhelmed by the charts and analysis, I discovered their copy trading platform. It was a revelation! Following the strategies of Bitget's elite traders, I learned the ropes while making real profits. Their expertise took the guesswork out of trading, allowing me to focus on understanding the market. This new Bitget Futures Elite Trader Selection Program is fantastic news. It incentivizes these top traders, giving them greater exposure, while also helping new users like myself identify proven performers. It's a win-win for everyone, and a huge step forward in making futures trading more accessible and successful for beginners. Thanks Bitget!    
×
×
  • Create New...
us