Relative Strength Index
Conventional RSI: the foundation for advanced RSI analysis
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Conventional RSI: the foundation for advanced RSI analysis
Last updated
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"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 sold when the RSI is below 30 and overbought when it is above 70.
The RSI line crossing above the oversold line or below the overbought line is often seen by traders as a signal to buy or sell.
The RSI works best in trading ranges rather than trending markets." - Investopedia
[B] Set the Length of the RSI period. Default [14]; customize the RSI color using the color selector.
