RSI - Relative Strength Index Indicator:
The Relative Strength Index (RSI) is a momentum indicator used in technical analysis that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or other asset. The RSI is displayed as an oscillator (a line graph that moves between two extremes) and can have a...
It is chart showing how RSI & Overbought & Oversold Zones help visually in finding low risk setups
Example chart Used - Karnataka bank
Indicator Used - RSI Color Zones by Feroz
Indicator link
Note: Not suggesting any Investing/Trade Idea. Its just for Educational Purpose.
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#The relative strength index (RSI) is a popular momentum oscillator developed 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.
#What Does the RSI Tell You?
The primary trend of the stock or asset is an important tool in...
Generally, When RSI shows values higher than 70 or below 30, this is to considered as stock or index is overbought or oversold. But that's not always the case.
As we just learned In The Introduction : Relative Strength Index (RSI) that a high RSI means that there were more bullish candles then bearish candles. As stock or index can't go up or down in straight...
