 Trading Relative Strength Index strategies involves simple strategies which if followed can be rewarding for the trader. The purpose of the Relative Strength Index (RSI) is to calculate the comparative changes that happen between the higher and the lower closing prices. The index is used by traders to establish overbought conditions and oversold conditions which in turn presents them with extremely valuable information to help them set their entry levels and exit levels in the currency markets. The RSI is an oscillator and its line ‘oscillates’ between the values of zero and one hundred. More.. |
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