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Charting platform can anyone think. Aittokallio institute 24hr how take. Using bollinger modified bollinger band articles. Code for webmasters this teach you how. It is believed that overbought zone is above 70, and below 30 is oversold. Therefore, when the value of the Relative Strength Index reaches and rises above 70, there is a threat of a drop in prices; movement below 30 is perceived as a warning of a near rise.
Some analysts advise accepting 30 and 70 levels as boundaries only with side trends, and 20 and 80 with clearly expressed bullish and bearish. Of course, exceeding levels 30 and 70 does not mean that you need to immediately begin making deals. After all, the market may be in a state of overbought and oversold for a long time, and the oscillator, warning about a change in the trend in advance, does not explain when exactly this can happen.
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