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Relative strength index forex futures
long run, RSI becomes overbought and price begins to consolidate and retrace which works off that overbought condition. It was followed up in a book by Wilder called. In a down trend, RSI can hit 60-65, find resistance, and not violate the determination of a down trend. Relative Strength Index - RSI Chart Example. As you can easily see, there is not much in trading that is cut and dry Look through the various RSI conditions and compare them to price on this chart.
Technical Analysis of the Futures Markets.
The relative strength index (RSI) is most commonly used to indicat e temporary overbought or oversold conditions in a market.
The Relative Strength Index - RSI is a momentum indicator that measures the magnit ude of recent price changes to analyze overbought or oversold conditions.
Technical Indicators and Chart Studies: Definitions and Descriptions.
The RSI provides a relative evaluation of the strength of a security's recent price performance, thus making it a momentum indicator. The default time frame for comparing up periods to down periods is 14, as in 14 trading days. RSI Potential Sell Signal, a trader might sell when the RSI crosses below the overbought line (70). Meanwhile, other values, in particular 9, 11, and 25 days have become common. Is there a shorting opportunity?
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