Relative Strength Index (RSI) Indicator

October 25, 2008 by hyiperz 

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When Wilder introduced the relative strength indicator, he recommended using a 14-day .Since then, the 9-day and 25-day RSIs have also gained popularity. Because you can vary the number of time periods in the calculation, I suggest that you experiment to find the period that works best for you. (The fewer days used to calculate the , the more volatile the indicator.)

The is a price-following oscillator that ranges between 0 and 100. A popular method of analyzing the is to look for a divergence in which the security is making a new high, but the is failing to surpass its previous high. This divergence is an indication of an impending reversal. When the then turns down and falls below its most recent trough, it is said to have completed a “failure swing.” The failure swing is considered a confirmation of the impending reversal.

Creator of Relative strength Indicator : Wilder, J. Welles

Download RSI Indicator

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