RSI Indicator

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http://youtube.com/watch?v=lc_iH3iycUM

Relative Strength Index (RSI): • The relative strength index (RSI) is a momentum indicator used in technical analysis. RSI measures the speed and magnitude of a security's recent price changes to evaluate overvalued or undervalued conditions in the price of that security. • The RSI is displayed as an oscillator (a line graph) on a scale of zero to 100. The indicator was developed by J. Welles Wilder Jr. and introduced in his seminal 1978 book, New Concepts in Technical Trading Systems. • The RSI can do more than point to overbought and oversold securities. It can also indicate securities that may be primed for a trend reversal or corrective pullback in price. It can signal when to buy and sell. Traditionally, an RSI reading of 70 or above indicates an overbought situation. A reading of 30 or below indicates an oversold condition. • KEY TAKEAWAYS: • The relative strength index (RSI) is a popular momentum oscillator introduced in 1978. • The RSI provides technical traders with signals about bullish and bearish price momentum, and it is often plotted beneath the graph of an asset’s price. • An asset is usually considered overbought when the RSI is above 70 and oversold when it is below 30. • The RSI line crossing below the overbought line or above oversold line is often seen by traders as a signal to buy or sell. • The RSI works best in trading ranges rather than trending markets. • ‪@fxprofit2469‬ • #Fx Profit • ‪@TaniForex‬ • ‪@ForexSekho‬ • ‪@Cryptobaba1‬ • ‪@TheBestCryptos‬ • ‪@PushkarRajThakurOfficial‬ • ‪@stockmarketcommando‬ • ‪@POWEROFSTOCKSBySubasish‬

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