The The relative strength index (RSI) is a technical indicator u... More is a technical indicator used to indicate when What are value stocks? A value company is a company that app... More conditions are or . When these signals occur, a What is a trader? A trader is a person who buys and sells... More can use them to look for pullbacks or .
It is calculated by averaging the number of up and down periods, as a way of showing the underlying relative strength.
When the RSI reaches 30, it signals an “oversold” market
When the RSI reaches 70, it signals an “overbought” market.
The RSI indicator is usually displayed underneath a chart pattern for clearer analysis.
To learn more about the RSI and how other In technical analysis, an indicator is a tool that collects ... More help determine What is price action in trading? Price action describes the ... More, visit: