An Introduction to Relative Strength Index Trading Strategies

Written by maeshwriteshehe | Published 2020/11/16
Tech Story Tags: money | finance | trading | stocks | stock-market | options-trading | stock-trading | wall-street | web-monetization

TLDR Relative Strength Index (RSI) is a momentum indicator. It measures the speed and change of price movements to evaluate if a stock is overbought or oversold. The traditional interpretation of the RSI sees the areas below 30% and above 70% as significant territories. RSI can also be used to reveal price trends and suggest points to enter and exit trades. Using RSI is pointless if you don’t understand how the value is computed and what it actually tells you.via the TL;DR App
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Written by maeshwriteshehe | NA
Published by HackerNoon on 2020/11/16
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