A chart indicator that scores recent price momentum on a scale from 0 to 100, usually over 14 periods. Many traders treat readings above 70 as stretched upward and below 30 as stretched downward, but a reading is a description of recent movement, not a forecast.
Lesson
RSI (relative strength index)
A chart indicator that scores recent price momentum on a scale from 0 to 100, usually over 14 periods. Many traders treat readings above 70 as stretched upward and below 30 as stretched downward, but a reading is a description of recent movement, not a forecast.