RSI Signal Pictures

The Relative Strength Index (RSI) is a momentum indicator used to measure the magnitude of recent price changes to evaluate overbought or oversold prices of stocks or other assets. It is used for technical analysis of financial markets. The RSI is most commonly used for a 14-day timeframe. The oversold and overbought levels are labeled 70 and 30, respectively, from 0 to 100. However, for our RSI strategy for binary options trading, we recommend a 4-day timeframe. Oversold 70 and oversold 30. Let’s take a look at the top 15 candlestick patterns.