Barry Norman Explains RSI - Relative Strenght Index

The relative strength index (RSI) is a momentum indicator developed by a technical analyst called Welles Wilder and was published in his book, New Concepts in Technical Trading Systems in 1978.
Without going to deep into the workings of the RSI, it is primarily used to attempt to identify overbought or oversold conditions when trading an instrument.
An oscillator is a technical tool we as traders use to give us an indication on whether an instrument is over bought or oversold. We use these overbought and oversold extremes to see in which direction the price action will have momentum. Oscillators are typically used in conjunction with other technical analysis indicators to make trading decisions on entering trades.

Видео Barry Norman Explains RSI - Relative Strenght Index канала Barry Norman's Investors Education Webinars