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Post# of 64649
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appraiserguy

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appraiserguy

Re: surfkast post# 28064

Wednesday, 11/13/2013 5:43:57 PM

Wednesday, November 13, 2013 5:43:57 PM

Post# of 64649
Good stuff surfkast.

Definition of 'Relative Strength Index - RSI'
A technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine overbought and oversold conditions of an asset. It is calculated using the following formula:

RSI = 100 - 100/(1 + RS*)

*Where RS = Average of x days' up closes / Average of x days' down closes.
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