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What is Understanding the RSI Indicator about?

The Relative Strength Index (RSI) is a momentum oscillator used in technical analysis to measure the speed and magnitude of price movements, helping traders identify overbought or oversold conditions. Developed by J. Welles Wilder in the late 1970s, it operates on a scale from 0 to 100, with scores below 30 indicating oversold conditions and above 70 indicating overbought conditions. Traders can adjust the RSI settings for sensitivity and use it alongside other indicators to enhance accuracy and avoid false

Author

lopezscott96

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EN