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Join date : 2011-04-13
|Subject: RSI - Relative Strength Index Indicator Mon Aug 15, 2011 12:40 pm|| |
In June 1978, Welles Wilder's article introduced the Relative Strength Index (RSI), which is a widespread oscillator. If you're keen to learn forex trading, the RSI is one of the key indicators you should learn, as it enables you to recognize a Forex trading market situation.
The RSI is similar to the stochastic in that it identifies overbought and oversold conditions in the market and it is another great trend following momentum indicator that arranges between 0 and 100. It‘s also named as a price-following oscillator, which means it moves back and forth between the levels. The RSI is an index of price fluctuations over a certain period, and is seen as a percentage.
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