Concise and well explained
Thank you
Doutor_Castor
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What is the RSI?
The RSI (Relative Strength Index) is a widely used indicator in the technical analysis of financial markets to measure the speed and magnitude of price changes of an asset. Developed by J. Welles Wilder Jr. in 1978, it helps traders and investors identify overbought and oversold conditions, as well as possible trend reversals.
How Does It Work?
The RSI is a momentum oscillator that ranges between 0 and 100. Its interpretation is based on two main thresholds:
How Does It Work?
The RSI is a momentum oscillator that ranges between 0 and 100. Its interpretation is based on two main thresholds:
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