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Relative Strength Index (RSI)

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Table of contents
    1. 0.2. How RSI Works
    2. 0.4. Why RSI Is Useful

Relative Strength Index (RSI) is a technical analysis indicator used to measure the speed and change of price movements, helping to assess whether an asset is overbought or oversold.

How RSI Works

RSI ranges from 0 to 100 and is typically calculated using a 14-day period. A value above 70 suggests an asset is overbought (potentially due for a price correction), while a value below 30 indicates it is oversold (potentially due for a rebound). Traders use this indicator to identify potential buy or sell signals based on price momentum.

Why RSI Is Useful

RSI is widely used in trading to spot potential turning points in the market. By identifying overbought or oversold conditions, it helps traders make more informed decisions, reduce risk, and time their entries and exits more effectively.