Indicator value and chart time frame

Technical Analysis
1

What does 14 period in RSI mean if I keep on changing chart time frame from 1 min to 3 min to 5 min to 15 min to 1 day to 1 week ? And what does RSI 2 actually mean when I set chart time frame in different time zones ?
Which closing prices those 2 RSI will be taking upo different time zones set chart ?

2

For details RSI calculation, you can check here.

Values will be picked the timeframe we select. 14 period represents the data from the recent 14 candles.

1 Like
3

Thank for reverting. Gone through the zerodha varsity note. But still one point that I want to know what is that 2 RSI when I set the chart time frame at 1 minute ? What is taken as 2 actually ?

4

2 is the Lookback period…in your case it means RSI of the Last Two one minute candles…
To understand more clearly, consider RSI(14):—

  1. on daily TF it means RSI of last 14 ‘Daily’ candles
  2. on Hourly TF it means RSI of last 14 ‘Hourly’
    candles
  3. on a 5 min TF it means RSI of last 14, 'five min
    candles.
    hope you get it now
5

Thank you for reverting. It is explained well. Let me check if I get it right.