Relative Strenght Index Part 2
In the previous masterclass, we saw the two different ways of using the Relative Strength Index as an indicator. In Part 2, we'll look out for two other ways to use RSI along with other indicators.
The two previous ways were:
1. Oversold-Overbought Region
2. 50-Level RSI Midline
Moving forward the two more ways are:
3. 2-Period...
Relative Strenght Index(RSI)
RSI is a momentum oscillator, whereas the momentum is the rate of the rise or fall in price.
RSI is an oscillator ranging between two extremes, in the case of RSI, it ranges from 0 to 100.
The relative strength index is computed with: RSI = 100RS/(1+RS); where RS is relative strength.
RS= (Previous Average gain*13+Current...