What is Relative Strength Index in Stock Market?
Relative strength Index ( RSI ) is a technical analysis indicator developed by J. Welles Wilder. It is a momentum indicator which measures the speed of the change in price movements. RSI oscillates between 0 to 100. Traditionally ranges for this banded indicator is 70-overbought zone and 30-oversold zone . Signals are also generated by identifying divergences , centre line crossovers and also trend analysis.
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