Here we continue the discussion of today's webinar "Trading with Relative Strength Index (RSI)". Feel free to ask any questions here for expert and presenter Klaus Ikast, or other of your fellow participants, provide your own tips, or other. The discussion is open for everyone also non-participants.
RSI is an extremely popular momentum indicator developed by J. Welles Wilder. The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. RSI is considered overbought when above 70 and oversold when below 30. Signals can also be generated by looking for divergences, failure swings, and centerline crossovers. RSI can also be used to identify the general trend. Wilder features RSI in his 1978 book, New Concepts in Technical Trading Systems.
See the recording of this webinar below: