Relative strength index

When is the S&P 500 Index considered overbought or oversold? The relative strength index may offer some answers to identifying market trends.

The Relative Strength Index, or RSI, is a famous indicator created by J. Welles Wilder, a technical analyst, that helps traders assess the strength of the current market.

If you've been reading Allstarcharts you've seen me referencing RSI on a lot of my charts. I want to talk a little bit about the Relative Strength Index and how I use it. You'll notice that I am not an "oscillator junkie". You won't see 27 momentum indicators on my charts. In fact, you will usually just find one: RSI (or the Relative Strength Index). Do not confuse the RSI with "Relative Strength", which shows the performance of one security relative to another (i.e. Financials vs S&P500)…

The Relative Strength Index (RSI) describes a momentum indicator that measures the magnitude of recent price changes in order to evaluate overbought or oversold conditions in the price of a stock or other asset.

RSI - Relative Strength Index

Relative Strength Index (RSI) Indicator – Definition and Using Guide

One of the most frequently used ways to trade the Relative Strength Index indicator is to look for RSI Divergence. Learn how it works here.

Learn 7 different ways to trade the Relative Strength Index indicator in the Forex market. #rsi #tradingstrategy #forex #technicalanalysis

Crypto update: What is relative strength? Relative strength can apply on multiple time frames. Today, $TRX is a great example of intraday relative strength. Notice how $TRX is trading at its high of the day and poised for potential breakout from a tight consolidation, while $ETH is on a pullback.