For those traders who have recognized the value of forex education will know the importance that has been given to the indicator Relative Strength Index (RSI). The Relative Strength Index (RSI) was developed by J. Welles Wilder, Jr.
According to forex education, this indicator is able to determine overbought and oversold price levels as well as generate buy and sell signals. Is well known, very popular and widely used from traders community. It is a momentum oscillator and as such it measures the rate of change of a given security�s price. Since it is also a bounded oscillator, it allows to spot overbought and oversold areas on the price chart.
We can calculate the Relative Strength Index (RSI) using the following formula:
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According to forex education, this indicator is able to determine overbought and oversold price levels as well as generate buy and sell signals. Is well known, very popular and widely used from traders community. It is a momentum oscillator and as such it measures the rate of change of a given security�s price. Since it is also a bounded oscillator, it allows to spot overbought and oversold areas on the price chart.
We can calculate the Relative Strength Index (RSI) using the following formula:
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