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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.
Relative Strength Index (RSI) is an indicator of price momentum, and its values range from 0 to 100. ... RSI is among the technical tools used by short-term traders or those interested in day trading.
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These indicators are used to help assess whether an asset is trending, and if it is, the probability of its direction and of continuation. Technicians also look for relationships between price/volume indices and market indicators. Examples include the moving average, relative strength index and MACD.
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. This helps traders make decisions about when to trade (buy or sell) that instrument.
He is best known, however, for his work in technical analysis. Wilder is the father of several technical indicators that are now considered to be the core tenets of technical analysis software . These include Average True Range , the Relative Strength Index (RSI), Average Directional Index , and the Parabolic SAR .
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