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EZ2

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Alias Born 03/31/2001

EZ2

Re: Tin-Berrygood post# 3951

Tuesday, 10/23/2001 3:46:15 PM

Tuesday, October 23, 2001 3:46:15 PM

Post# of 92667
Tin - Now go to that chart & click in the RSI box (refresh):

RSI

This indicator developed by J. Welles Wilder Jr. measures the velocity of directional movement. RSI is often used to identify price tops and bottoms by designating specific levels, usually 30 for oversold and 70 for overbought on a chart which is scaled from 0 to 100. The author recommends using 14 days to calculate a security's RSI but due to the wide range in volatility from one stock to another, the user of this oscillator should experiment with various numbers (usually between 10-16) to find the appropriate setting for a given security. Divergence between the RSI and stock price often indicate a possible correction.




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