RSI Ten

RSI Example Ten

The Relative Strength Index (RSI) is a very popular momentum oscillator developed by J. Welles Wilder Jr. and is described in detail in his famous book ” New Concepts in Technical Trading Systems.” Wilder was originally used for 14 days, but usually used 7 days and 4 days, which is very useful for binary trading. It can also fluctuate between 0 and 100 to achieve a fixed level of overbought and oversold. A high RSI above 70 indicates that the bull market is overbought or weak. Conversely, a low RSI below 30 means the bear market is oversold or weak.