What is the RSI indicator?
10 minute trading Wall Street Journal The $17 Stock Trading System var infolink_pid = 9198; var infolink_link_color = ‘009900’; var infolink_title_color = ‘252667’; var infolink_text_color = ‘000000’; var infolink_ad_link_color = ‘24951E’; var infolink_ad_effect_type = 0; var infolink_pid = 9198; The RSI indicator is a momentum indicator created by Welle Wilder. Its goal is to take past stock prices and give you buy or sell signals based on those prices. This oscillator compares the number of gains to the number of losses within a given time frame. This tells you when the stock is overbought and when it is oversold. The formula is RSI= 100/1+RS, RS= average of the recent up days/Average of the recent down days. This value is computed daily and can be plotted on your chart. Below is an example.
