Ok

[xmrhopium]

Ok

[logfiles]

That's quite unusual. Maybe it's a visual bug?

What platform are you using for the chat? If you don't mind, what's the name of the coin and at what time did the unusual crash happen? I want to check out using the tradingview platform if the coin is listed there and see if the same thing is displayed over there.

[justinlamode]

RSI crashing to zero simply means you are trading a highly volatile coins that is experiencing pump and dump. Just check if that coin is a newly listen one that have not gotten  enough volume to be stable which is the reason for the unpredictable behavior. Just be careful so you are not left holding the bag while other's cash out their funds.

[logfiles]

<...>

I checked it out and though I was not able to get the 10-minute time frame, I saw the anomalies.
The coin price is highly volatile, with some sharp movements, and so are the perps. I guess that why we are having those abnormal occurrences on the RSI. One thing I noticed when trading newly listed coins, especially their perpetual contracts, is that the indicators would also appear weird and not good for technical analysis.

Trading perpetual contracts of newly listed coins is a huge gamble, since there is not so much historical data that the indicators can rely on. You have to be very careful, OP.

[BitMaxz]

I don't know what tool, software, or website you are analyzing the chart with, but it looks like the screenshot seems it came from the exchange directly, or it looks like the Binance chart on a mobile phone?


What I think is it's a bug if it came from the exchanges. The only solution I could recommend is switching to TradingView for analyzing charts because I never had any issue with the RSI indicator on TradingView, but if you have an issue with the default RSI, there are still many alternative indicator samples like "RSI tops and bottoms." This one is similar to the default one but with divergence signals.

[EarnOnVictor]

Edit: This is an image of the moment when RSI dropped straight to zero.

Same now this way RSI line jammed at the bottom.

It would be lovelier if you showed the name of the exchange/broker, so that others can be watchful of it.

Well, this is an abomination, and in my 20 years of exposure to trading platforms, I've never seen a thing like this, which means it's the fault of the trading platform you are using. Even the Stochastic Oscillator which moves faster than RSI can't do an abominable thing like that, not to mention the RSI itself that I even consider lagging.

Advice: Stop using that platform for your trading analysis, it might have been rigged or bugged. My trading experience has prevented me from even using exchange platforms for my trading analysis. I use only MT4.

[shinratensei_]

Could be many things but can definitely be a bug.
Not only RSI i've seen tradingview based chart doing funny things like chart deformed and so on.

For all I know it could be just a temporary bug, even price sometime do this kind of thing, going to zero suddenly although rarely happens.