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Relative Strength Index (RSI)
The Relative Strength Index (RSI) is a technical analysis tool used to assess the momentum of price action and identify overbought or oversold levels in a market. It is calculated using a scale ranging from 0 to 100.
### Basic formula:
RSI = 100 - [100 / (1 + (Average Profit / Average Loss))]
### Interpretations:
- If the RSI is above 70, it indicates that the stock or asset may be in the overbought zone and there may be a correction or decline in price.
### Basic formula:
RSI = 100 - [100 / (1 + (Average Profit / Average Loss))]
### Interpretations:
- If the RSI is above 70, it indicates that the stock or asset may be in the overbought zone and there may be a correction or decline in price.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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