📖Relative Strength Index

Conventional RSI: the foundation for advanced RSI analysis

Overview

• "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

Relative Strength Index [RSI]

• [B] Set the Length of the RSI period. Default [14]; customize the RSI color using the color selector.

Menu: Relative Strength Index [RSI]