How to Read Daily Performance in Last (x) days Chart
The Absolute values of “Percentage Off From Highs” in the Last 7, 30, 50, 100, 200 trading days is reported for the date shown.
The Percentile value corresponding to the “Percentage Off From Highs” value is reported for the indicated date.
For reference, historical RSI values for each of the durations is shown for typical percentile values (5th to 95th).
FAQ's on Daily RSI Charts
1. What does Percent Off From Highs in Last (x) Days represent and what is its significance?
Percent Off From Highs in Last (x) Days measures the strength of security over a certain period of time. It can be used to make judgments on short, medium, and long term movement of the security.
2. What is the significance of percentile values as shown in banner B above?
The percentile value for “Percentage Off From Highs” is shown for the investor to get a perspective of how often has the market been at that absolute level in historically.