Relative strength index

When is the S&P 500 Index considered overbought or oversold? The relative strength index may offer some answers to identifying market trends.

The Relative Strength Index (RSI) describes a momentum indicator that measures the magnitude of recent price changes in order to evaluate overbought or oversold conditions in the price of a stock or other asset.

The Relative Strength Index, or RSI, is a famous indicator created by J. Welles Wilder, a technical analyst, that helps traders assess the strength of the current market.

RSI - Relative Strength Index

Relative Strength Index (RSI) Indicator – Definition and Using Guide

The Relative Strength Index (RSI) is a momentum indicator that measures the magnitude of recent price changes to analyze overbought or oversold conditions.

Unlock the potential of the Relative Strength Index (RSI) in your Forex trading journey. Learn to choose timeframes, read overbought and oversold levels (70 and 30), spot trend changes, interpret crossings of the 50 level, combine RSI with other indicators, manage risks, test your strategy with historical data, and keep evolving your trading skills. RSI is a powerful tool when part of a broader strategy. #ForexTrading #RSI #TradingTips 📚💼🌐

If you've been reading Allstarcharts you've seen me referencing RSI on a lot of my charts. I want to talk a little bit about the Relative Strength Index and how I use it. You'll notice that I am not an "oscillator junkie". You won't see 27 momentum indicators on my charts. In fact, you will usually just find one: RSI (or the Relative Strength Index). Do not confuse the RSI with "Relative Strength", which shows the performance of one security relative to another (i.e. Financials vs S&P500)…

This articles discusses in detail about RSI and the range shift strategy of RSI using which you can predict the phase of the market.