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The concept of RSI emerged in 1978 in J. Welles Wilder, Jr.’s book, “New Concepts in Technical Trading Systems,” with the aim to help understand whether a stock was overbought or oversold.
The relative strength index (RSI) is a technical indicator used in the 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.
Technical Trading: Technical day traders use charts to select the stocks they will buy or sell. If a stock breaks out of a recent trading pattern, for example, it becomes a buy for a trader ...
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An oscillator in technical analysis of financial markets is an indicator that informs if the price of a financial instrument is very high or very low, indicating whether it is overbought or oversold.
While similar in appearance to a bar chart, each candlestick represents four important pieces of information for that day: open and close in the thick body, and high and low in the "candle wick". Being densely packed with information, it tends to represent trading patterns over short periods of time, often a few days or a few trading sessions.
The term “day trading” refers to the frequent purchase and sale of stocks throughout the day. Day traders hope that the stocks they buy will gain or lose value for the short time they hold ...
Each vertical line on the chart shows the price range (the highest and lowest prices) over one unit of time, e.g., one day or one hour. Tick marks project from each side of the line indicating the opening price (e.g., for a daily bar chart this would be the starting price for that day) on the left, and the closing price for that time period on ...
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