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RSI Indicator
Citation The Moving Average TMA Youtube
RSI Indicator-
The Relative Strength Index (RSI): What Is It?
Technical analysis uses the relative strength index (RSI) as a momentum indicator. In order to assess whether a security's price is
overpriced or undervalued, RSI calculates the speed and amplitude of recent price fluctuations.
An oscillator, or line graph, representing the RSI is shown on a scale from zero to 100. J. Welles Wilder Jr. created the indicator and
published it in his influential 1978 book New Concepts in Technical Trading Systems.
The RSI is not limited to identifying securities that are overbought or oversold. It can also point to stocks that might be ready for a
correctional price dip or trend reversal. It may serve as a buy/sell indication.
BIO About the Author: Joseph P Fanning
Joe studied at Harvard. He owns Joepfanning.com and blogs alot about cool things and stuff. He co owns Business Process Automation
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