#TradeWarEases
The difference between RIS(6)=82 for the daily timeframe and RIS(6)=97 for the four-hour timeframe is:
The difference in values
- The value of RIS(6) for the daily timeframe is 82, while the value of RIS(6) for the four-hour timeframe is 97.
- This means that bullish momentum is stronger on the four-hour timeframe compared to the daily timeframe.
Interpretation
- The value of RIS(6)=82 for the daily timeframe indicates that the market is in a buying zone, but not excessively.
- The value of RIS(6)=97 for the four-hour timeframe indicates that the market is in a very strong buying zone, and there may be a risk of price reversal.
Possible reasons for the difference
- The difference in values may be due to the difference in the time period between the timeframes.
- The four-hour timeframe reflects price changes over a shorter period, while the daily timeframe reflects changes over a longer period.
Impact on trading
- Traders should take the difference in values into account when making trading decisions.
- It may be beneficial to wait for additional confirmation before entering a trade, especially if there are significant differences between values on different timeframes.