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Showing posts with the label rsi-indicator-formula

RSI

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RSI Wilder’s RSI is a commonly used lagging indicator. When you combine it with time-segmented volume and the right parameters, it becomes a very powerful not to mention one of my favorite indicators along with the ease to movement indicator. I had a hard time using RSI alone to identify when to buy and sell. No matter what number I inserted, I just couldn’t find good entry and exit points. That was part of my impetus for creating the combined RSI  indicator, which has proven to be very successful for me. RSI  can also help you identify when to exit a trade. The Relative Strength Index (RSI) is a technical indicator used in the technical analysis of financial markets. It is intended to chart the current and historical strength or weakness of a stock or market based on the closing prices of a recent trading period. The indicator should not be confused with relative strength. The RSI is classified as a momentum oscillator, measuring the velocity and magnit