Relative Strength Index (RSI) in Forex
The Relative Strength Index (RSI)
The relative strength index is a popular oscillator devised by Welles Wilder. The RSI measures the relative changes between the higher and lower closing prices.
The formula for calculating the RSI is:
?5/=100-[100/(1+RS)], where
RS - (average of X days up closes/average of X days down closes);
X - predetermined number of days The [...]