What is Relative Strength Index (RSI)?

What is Relative Strength Index (RSI)?

The Relative Strength Index (RSI) is a momentum oscillator widely used in technical analysis to assess the speed and change of price movements in a financial instrument and developed by J. Welles Wilder. RSI is a versatile indicator that helps traders identify overbought and oversold conditions in the market, signalling potential trend reversals. RSI is…