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Friday, February 26, 2021 10:59:55 AM
The Relative Strength Index (RSI), developed by J. Welles Wilder, is a momentum oscillator that measures the speed and change of price movements. The RSI oscillates between zero and 100. Traditionally the RSI is considered overbought when above 70 and oversold when below 30. Signals can be generated by looking for divergences and failure swings. RSI can also be used to identify the general trend.
https://www.fidelity.com/learning-center/trading-investing/technical-analysis/technical-indicator-guide/RSI#:~:text=The%20Relative%20Strength%20Index%20(RSI,and%20oversold%20when%20below%2030.
" There are two ways to be fooled : one is to believe what isn't true, the other is to refuse to believe what is true ," Kierkegaard
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